LCH mulls FX spot clearing as buy-side demand grows

Anticipated ForexClear service could reduce funds’ reliance on prime broker credit lines

The entrance to the London Stock Exchange
London Stock Exchange, home to LCH

LCH is considering an expansion of its clearing services to include spot foreign exchange trades, as hedge funds and proprietary trading firms (PTFs) become increasingly weary of prime brokers tightening credit lines when they are most needed.

Sources familiar with the matter say the spot FX offering is being examined at LCH’s ForexClear and could be launched within the next two years.

The move comes after a large buy-side firm approached the clearing house about the possibility of clearing

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