Clearing and settlement
Navigating the T+1 implications for FX traders
This FX Markets webinar provides actionable insights for industry professionals navigating the implications of T+1 across their settlement workflows and FX trading operations
FX Link adds two more currency pairs
CME now offers spot FX basis spreads for eight pairs versus futures
CME clears FX cash-settled forwards for first time
Service debuts in January with two EUR/USD trades
Traiana offers USD/CNH and USD/HKD clearing via HKEX’s OTC Clear
The deliverable contracts are forwarded to the Hong Kong Exchange via Traiana’s clearing hub CCP Connect
Two banks sign up for ForexClear compression
New service brings greater capital and operational efficiency to FX market participants
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
MarkitServ connects to Asigna for clearing Mexican peso
New connection enables a standardised workflow and connectivity for clearing Mexican peso TIIE 28 swaps
CME and LCH bet on FX options clearing
CME’s cash-settled FX options-clearing solution will vie for dominance with LCH’s deliverable clearing product
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
BoE to authorise EU CCPs ‘at 00:01’ on Brexit day
Central bank hopes plan to preserve access for EU CCPs will be reciprocated
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
LCH SwapAgent processes first cross-currency basis swap
It is the first non-cleared trade to be transacted as LCH STM, SwapAgent’s settlement-to-market legal and operational framework
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
Seven sign up for CME’s over-the-counter NDF-clearing launch
The exchange is set to launch the service in the first quarter of 2018
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
Earthport to provide cross-border payment services to SECB
Headquartered in Frankfurt, SECB Swiss Euro Clearing Bank is a major euro payments-clearing hub for Swiss banks
CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
LCH SwapAgent completes first trades
Citi and Deutsche Bank executed the first trades, a Swiss franc-denominated interest rate swap and euro-denominated inflation swap
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
ForexClear exceeds $1 trillion of monthly cleared FX trades
Milestone reached ahead of the second tranche of uncleared margin rules taking hold in September