FX Clearing prepares for ForexClear – LCH Clearnet

The much awaited ForexClear service LCH has been developing since 2008 is set to launch at the end of 2011.

The much awaited ForexClear service LCH has been developing since 2008 is set to launch at the end of 2011.

LCH will offer the service on nine currency pairs for interbank trades in currency options.

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The exact date is yet to be confirmed as the Dodd Frank legislations still need to clarify what products will require mandatory clearance.

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