CME Group Attracts Seven Firms to its Clearing Service for OTC FX NDFs

[kreslik.news]

CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges, has signed seven market participants to its OTC FX Non-Deliverable Forwards (NDFs) clearing service.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

BBVA, Citi, Itau Unibanco, NatWest Markets, Santander, Standard Chartered and XTX Markets have agreed to sign up as clearing brokers to offer the service by the end of Q1 2018.

The exchange operator is pushing out the clearing service of FX NDF trades in a bid to capitalise on new margin requirements and ... (read more)