--Eleni Himaras
BNY Mellon Clearing in New York is looking into clearing memberships with major clearinghouses to give clients access to over-the-counter interest rate swap and credit default swap clearing, Sanjay Kannambadi, ceo, told Derivatives Week. This includes Intercontinental Exchange’s ICE Trust and LCH.Clearnet’s SwapClear; though both of these have membership hurdles that BNY Mellon does not currently clear.
BNY opened its clearing ....