November 2010, news round-up
EC likely to follow a US FX clearing exemption, as platforms roll out fractional pricing
The European Commission (EC) is likely to exempt FX swaps and forwards from a mandatory clearing requirement if the US decides to do so, according to Patrick Pearson, head of the financial markets infrastructure unit at the EC.
Pearson said European regulators would consult with the market and with third-country supervisors, and conduct an impact assessment before deciding to mandate central clearing for
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More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
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Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
