LCH approved for client clearing on ForexClear
LCH.Clearnet has received regulatory approval to begin client clearing on ForexClear, the foreign exchange clearing service it launched in March 2012, initially only for interbank trades in non-deliverable forwards (NDFs). Client clearing is now expected to launch during the first quarter.
Regulatory approval was required from both the UK Financial Services Authority and the US Commodity Futures Trading Commission (CFTC) and, while LCH claimed readiness to begin client clearing on ForexClear in
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