LCH readies launch of new NDF pairs and client clearing
Five months after launch, ForexClear is ready to start offering client clearing and to add five new currencies to the service, pending the approval of the FSA and the CFTC
LCH.Clearnet is ready to launch client clearing for non-deliverable forwards (NDFs) and to add five new currency pairs to the six it has offered since the launch of interbank clearing on ForexClear in March, the clearing house has confirmed.
The two additions to ForexClear – both of which are awaiting approval from the UK Financial Services Authority and the US Commodity Futures Trading Commission (CFTC) before they can go live – will be a milestone in the development of the service, which has
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