Wells, Choudhury leave ForexClear, according to reports
Wells has been instrumental in building the service since 2011
Gavin Wells, global head of ForexClear, and executive director Basu Choudhury, are understood to have left the FX clearing service, according to reports.
Wells joined LCH.Clearnet's ForexClear in 2011 as head of product, and had been instrumental in building the FX clearing service. The role gained in importance as it became widely anticipated that regulators on both sides of the Atlantic would be mandating the clearing of FX derivatives.
Despite the lack of mandates on either side of the pond
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