Morgan Stanley

Morgan Stanley Clears Client OTC Interest Rate Swaps Through LCH.Clearnet

Mar 8, 2011

New York —


Morgan Stanley, a market leader in derivatives trading and clearing, announced today that it has cleared some of the first OTC interest rate swaps transactions through LCH.Clearnet Ltd’s (LCH)  SwapClear Futures Commission Merchant (FCM) service for U.S. clients.


"Today’s announcement underscores Morgan Stanley’s leadership role in central clearing for OTC derivatives,” said Stephen O'Connor, Managing Director and Global Head of OTC Client Clearing at Morgan Stanley.  “Morgan Stanley has been actively engaged in OTC derivatives clearing for over 10 years, and the Firm fully supports current regulatory initiatives to expand OTC clearing from the inter-dealer market to the dealer-to-client market.  We have been working hard with our clients, clearing houses, industry associations and regulators toward achieving that goal.”

Today’s transactions were executed through Tradeweb’s electronic execution platform and transmitted to LCH via MarkitWire, the first transactions to be executed and cleared in this manner.

Morgan Stanley provides clearing services for both OTC and Listed Derivatives for its clients globally.  The Firm currently offers OTC derivative clearing services at CME Group and ICE Trust in addition to LCH and connectivity to further OTC clearing houses will be added in the future in response to client demand.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.  The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 42 countries.  For further information about Morgan Stanley, please visit

Media Relations Contact: Mary Claire Delaney, 212.761.2427