ForexClear
Vanguard begins clearing NDFs on LCH
Addition of mutual fund giant gives big boost to client-cleared activity on ForexClear
SA-CCR adoption may spur wider FX swaps clearing
With up to 90% lower exposures on offer, dealers say capital benefits could outweigh margin costs
Swaps data: cleared volumes drop for all markets – except FX
Smaller CCPs make market share gains in a quarter of double-digit declines for rates and credit
Rising initial margin costs tilts the balance in favour of clearing
As international standard-setters have extended the implementation period of the lowest threshold for the uncleared margin rules (UMR) to 2021, Kahyang Chong, head of ForexClear product, Europe, the Middle East and Africa at LCH, explores the options…
LCH and StanChart tout rival routes to cheaper margin
Panellists at FX Week Asia conference say participants should start thinking about margin optimisation sooner rather than later
Trading volumes fall on most ECNs in July
FXSpotstream bucked the trend with yet another year-on-year increase
Clearing to become cheaper alternative to PB for most clients
IDX panel says it’s doubtful FX will ever see a clearing mandate
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
Two banks sign up for ForexClear compression
New service brings greater capital and operational efficiency to FX market participants
Best Banks Awards: LCH
LCH takes the Best FX Clearing House crown at the 2018 FX Week Best Banks Awards
LCH and Moscow Exchange sign up to Code
The clearing house and exchange pledge to abide by the FX Global Code’s principles when conducting business
FX volumes dip in March
But trading activity on most platforms remains strong year on year
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
ForexClear prints new record, clearing more than $100bn in one day
And recently launched G10 NDF service clears over $700m in a month
ForexClear exceeds $1 trillion of monthly cleared FX trades
Milestone reached ahead of the second tranche of uncleared margin rules taking hold in September
JP Morgan clears first client NDF trade on ForexClear
The trade comes ahead of this month's widened bilateral margin rules
e-FX Awards: LCH – Best Clearing Services Provider
LCH's ForexClear saw volumes surge after the first tier of bilateral margining rules entered into force in September
Challenger platforms hot on the heels of legacy peers
FastMatch's volumes doubled year-on-year, while GTX saw volumes rise 50% over the same period
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options