OSE to launch FX margin trading market
Currency pairs available will include USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, CHF/JPY, CAD/JPY, NZD/JPY, EUR/USD and GBP/USD. Officials said margin requirements have not been finalised but are likely to be one-thirtieth of the notional value of each position for each currency pair.
Clearing and settlement will be conducted in yen, with all non-yen trades converted into yen for settlement. Payment and receipt of exchange differences such as cash differences and swap points, together with margin, will
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