CME Group voted best clearing house

The company is this year's winner of the best FX clearing house award

Will Patrick at CME
Will Patrick, CME Group

Foreign exchange has often been the neglected child in the push towards over-the-counter (OTC) derivatives clearing. For a long time there has been a lively debate over whether clearing mandates should even apply to FX instruments, and regulators have focused on pushing the longer-dated, more complex contracts found in rates and credit through central counterparties (CCPs).

Six years on from the peak of the financial crisis, only two types of FX contracts – options and non-deliverable forwards

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