ForexClear
FX platforms finish 2016 on a flat note versus the year before
Despite spikes in June and November, over-the-counter FX trading was subdued
High-volume products will move to clearing
Capital and bilateral margin rules will increase pressure on the most-traded products to shift to clearing
More options from LCH next year, as NDF volumes boom
LCH is voted the winner in the Best FX Clearing House category at the 2016 FX Week Best Banks Awards
ForexClear volumes to hit $300 billion in September
The 100% growth compared with August comes as dealers in both the US and Europe expect costs to rise
Uncleared margin kick-in raises clearing-house rules
In the run-up to the new rules coming into force in the US and Japan, volumes surge on ForexClear
More PBs could pull out come September, panellists say
"How far can repricing go without actually constraining and choking that entire market?" asks JP Morgan's Choussy
LCH appoints Maguire and Boyle in new roles
Daniel Maguire is the new global head of rates and FX derivatives, while former Goldman Sachs' Paddy Boyle takes up the role of head of FX product
Wells, Choudhury leave ForexClear, according to reports
Wells has been instrumental in building the service since 2011
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
FX clearing to accelerate in 2016
ForexClear's Gavin Wells sees the drive towards greater capital efficiency gathering pace
LCH.Clearnet confirms 2016 for OTC FX options
The company is set to launch the service as the lowering of margin requirements will make clearing a cheaper option
First on-Sef NDF cleared by ForexClear
The LCH.Clearnet-owned platform clears the first on-Sef non-deliverable forward between Virtu and Societe Generale
FCMs kick off NDF clearing despite delays
Even with further setbacks to mandatory NDF clearing in the UK and US, Societe Generale senses opportunities for clients to clear now
ForexClear earmarks 2016 for FX options clearing
CCP time-stamps FX options-clearing plan, albeit for the third time since 2011, as concerns remain over currency delivery
Cleared NDF volumes still 'tiny', but Sef share grows
Swap execution facilities gain traction in top four NDF currencies
LCH rebuffs fears of NDF clearing crunch
Esma's most aggressive timeline could force more than 100 firms to clear NDFs from September 2015, with ForexClear the only currently authorised European CCP
ForexClear adds PEN to cleared currencies
Clearing house can now handle 12 currencies and more than 95% of non-deliverable forward markets
CCPs clear less than 2% of NDF contracts
The appetite for market participants to clear NDFs is conspicuously absent, despite a number of CCPs offering the service
LCH.Clearnet remains trusted provider for NDF clearing
LCH.Clearnet retains the award for best FX clearing house for the second successive year, having grown its cleared NDF volume and upgraded its risk management capabilities
ForexClear launches client clearing for NDFs
LCH.Clearnet has launched buy-side clearing of NDFs on its ForexClear platform, a year after it gained approval from the UK Financial Services Authority
Confusion reigns at dawn of Sef era, say participants
There is still uncertainty over the exact scope of no-action relief issued by the CFTC, and traders warn the same challenges will remain when the relief expires on October 30
FX swaps and forwards off initial margin hook
Working Group on Margining Requirements has confirmed the exemption of FX swaps and forwards from initial margin, as well as a more restricted exemption for cross-currency swaps
Traiana delivers first NDF trade to LCH's ForexClear
Interbank trade in USD/KRW between HSBC and an undisclosed counterparty is the first Traiana-processed trade to be cleared through ForexClear
FX clearing driven by capital and collateral costs rather than mandate
As mandatory NDF clearing has been delayed, the likely increase in capital and collateral requirements for FX trades is forcing some to consider clearing ahead of the mandate, say webinar participants