Thursday October 17 2019
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: UK
Link: https://bit.ly/2qlcXve
On 16th October 2019, the London Clearing House (LCH) announced that it has expanded its deliverable FX offering to include FX forwards. Members of the ForexClear service are now able to clear this product in eight currency pairs.
The product extension builds on the launch of deliverable FX options clearing in 2018, in line with customer demand. The addition of FX Forwards to the deliverable clearing service at LCH represents a significant expansion of the universe of FX derivatives now available for clearing.
The product incorporates the first physical FX settlement service for cleared FX products, which LCH developed in collaboration with CLS.
Click on the above link for further information.