Slow start to ASX Australian dollar OTC derivative clearing
Dealers have been slow to move on to ASX's clearing house with just $124 billion cleared in the year since its launch
Australian Stock Exchange (ASX) chief executive Elmer Funke Kupper says the exchange is hopeful of gaining more volumes on its OTC derivative clearing service for Australian dollar interest rate swaps, after a slow start to the dealer-to-dealer clearing that launched in July 2013.
Speaking at an ASX media briefing to announce 2014's financial year results, the chief executive said that $124.4 billion (US$115.4 billion) of notional volume of Australian dollar interest rate swaps had been cleared
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