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
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A third of the figure was cleared in the last month alone - and volumes are expected to increase rapidly as clearing deadlines approach
Push, ping or hub
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.