LCH launches FX options clearing
The first clearing service for deliverable FX is available initially for eight currency pairs
Clearing house LCH and settlement firm CLS have launched the clearing of over-the-counter FX options – the first deliverable foreign exchange product to be made available for clearing.
The service will be available only to LCH members initially, and covers eight of the most liquid and high-volume currency pairs: AUD/USD, EUR/CHF, EUR/GBP, EUR/USD, EUR/JPY, GBP/USD, USD/CHF and USD/JPY. It includes the physical delivery of the cleared options, as well as the spot and forward hedges.
“Clearing
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