LCH.Clearnet confirms 2016 for OTC FX options
The clearing house expects options clearing to pick up over time
After several years of planning and developing, LCH.Clearnet has confirmed it will launch an over-the-counter FX options-clearing service in 2016, which will be available via its ForexClear platform, pending regulatory approval.
Gavin Wells, global head of ForexClear in London, had previously said the service would launch in 2011, but the date was pushed back to 2015 when LCH.Clearnet realised more detailed analysis on liquidity was required.
As the launch subsequently slipped to 2016, the
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