ForexClear

CME forex trading booms but clearing remains slow

CME Group has boasted record FX volumes in recent months and is preparing to launch its London-based derivatives exchange in September, but take-up of its OTC FX clearing services remains slow. Derek Sammann, CME’s head of FX and rates, tells Robert…

LCH.Clearnet bags FX clearing house award

In the inaugural award for best FX clearing house, LCH.Clearnet is voted top for the successful launch of ForexClear, which has cleared roughly 23,000 trades over the past eight months

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