FX Week Asia: Options clearing on hold, prime brokers confirm
Forex clearing will be restricted to non-deliverable forwards as US authorities discuss whether settlement risk can be properly managed for cleared forex options, according to speakers at the FX Week Asia conference in Singapore
Clearing of foreign exchange options has been placed indefinitely on the back burner as the US Federal Reserve continues to discuss a possible requirement for full and guaranteed settlement by central counterparties (CCPs), according to speakers at the FX Week Asia conference in Singapore yesterday.
"There was always a question as to which foreign exchange products would be included in the regulations. Of all forex products, options were considered to be the one that was most likely to be
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