Five months after launch, ForexClear is ready to start offering client clearing and to add five new currencies to the service, pending the approval of the FSA and the CFTC
Clearing the obstacles
This three-part series looks at the various factors that firms across the ecosystem of global FX markets - from the buy-side, the sell-side, and the supporting community of technology vendors and service providers - should consider in order to, not just survive, but to thrive in this dynamic and ever-changing environment.
More Clearing articles
Exotic commodity derivatives will become even less attractive to the Asian market following Ice's move to transform swaps to futures
International regulators and central banks trying to avoid "nightmare" of fragmented clearing system
Singapore becomes the first exchange in Asia to implement Iosco principles
New levels of complexity and ongoing regulatory framework discussions mean full compliance with Iosco’s new principles is unlikely before the January 1, 2013 deadline
Dealers worry about the impact on liquidity unless single-name and index trades can be margined together
Senior hire is seen as a coup for Deutsche’s clearing business
A third of the figure was cleared in the last month alone - and volumes are expected to increase rapidly as clearing deadlines approach
Plan to combine four clearing houses into one will result in margin efficiencies of 30-40%, the exchange estimates
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.