London-based central counterparty to launch EU client clearing in Q2
LCH.Clearnet plans to be ready for foreign
exchange options clearing by the end of 2015 as the market
awaits clarity on the mandatory clearing for
non-deliverable-forward contracts (NDFs).
Gavin Wells, global head of
LCH’s ForexClear and CDSClear businesses, told FOW
that LCH.Clearnet ForexClear will clear FX options, with
further FX instruments to follow, by the end of the year.
The over-the-counter FX clearing service
already provides clearing for NDFs ahead of the impending
mandate and has been looking to add to the offering since
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.