LCH sees FX options clearing in 2016, following settlement tool launch
LCH.Clearnet is already considering the
next products to be added to its new settlement service with
CLS Group, following the initial launch with foreign exchange
options next year.
The tool - which is currently in
development - will be operated by currency settlement services
provider CLS from launch, scheduled for next year.
Speaking to FOW on Monday, Gavin Wells,
global head of LCH’s ForexClear, said that while
decisions regarding which products would follow are yet to be
finalised, there is appetite for a number of additions.
"Looking ahead, over-the-counter and
exchange traded options, FX futures and cross-currency swaps
are all potential additions for LCH.Clearnet, as members and
clients have shown interest in all of these," said Wells.
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