ASX to use cross-margining efficiencies in battle for Australia clearing market
Australian domestic clearing house hoping to use lower margin costs as a means to win market share
The decision by the Australian Securities Exchange (ASX) to introduce cross-margining between listed and over-the-counter derivatives when it launches its OTC clearing operation later this year will help it secure a majority of the cleared Australian OTC derivatives market, says a senior figure for the exchange.
Australia's OTC market makes up 1.7% of the global derivatives market, according to
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