FX Week Asia: Options clearing on hold, prime brokers confirm

Forex clearing will be restricted to non-deliverable forwards as US authorities discuss whether settlement risk can be properly managed for cleared forex options, according to speakers at the FX Week Asia conference in Singapore

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Clearing of foreign exchange options has been placed indefinitely on the back burner as the US Federal Reserve continues to discuss a possible requirement for full and guaranteed settlement by central counterparties (CCPs), according to speakers at the FX Week Asia conference in Singapore yesterday.

"There was always a question as to which foreign exchange products would be included in the regulations. Of all forex products, options were considered to be the one that was most likely to be

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