OTC clearing takes next step in evolution with FX options

The post-crisis push of over-the-counter (OTC) derivatives into central clearing took a major step forward this week as LCH launched an offering for physically deliverable FX options. Ross Lancaster reports.

  • By Ross Lancaster
  • 12 Jul 2018
Pressure has been mounting on the clearing industry to find a solution for FX options since the phase-in of margin rules for uncleared derivatives began in 2017. This has increased the cost of bilateral positions that dominate the FX options market, a situation that will only increase as ...

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