LCH ForexClear Implements New FX Options Clearing Service

[kreslik.news]

LCH has implemented a new service geared towards augmenting clearing across a wider range of products and participants in the foreign exchange market. This effort has culminated in the launch of deliverable FX options clearing, which has already drawn support from leading banks to adopt the service.

The new offering incorporates the first physical FX settlement service for cleared FX products. Developed in partnership with CLS, the comprehensive effort is looking to improve the broader industry. As such, the new FX options clearing service will aim to reduce settlement and counterparty risk while improving efficiencies for those operating in the OTC ... (read more)