Eurex to debut NDF clearing after mothballing physical FX
Bourse hoping to scoop up EU clients trading on 360T, eyes September non-cleared margining deadline
Eurex is set to launch clearing of non-deliverable forwards (NDFs) on May 16 – a new offering that will seek to rival LCH’s dominant ForexClear service in London, following a struggle by both central counterparties (CCPs) to attract interest in clearing of deliverable foreign exchange swaps.
Eurex will initially provide dollar NDF clearing services for six currency pairs: the Brazilian real
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