Ice shelves plans to launch FX clearing
Ice’s ambitions to compete in foreign exchange clearing have been dashed, as the exchange has shelved plans to launch dealer and client clearing of FX swaps indefinitely, due to regulators’ delays in finalising mandatory clearing rules.
"Based on regulatory developments, customer discussions and the delay in specific OTC FX contracts becoming subject to mandatory clearing, we are holding back the launch of our OTC FX clearing solution. We are appreciative of the support of members in building
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