XTX Markets set to clear NDFs on ForexClear

Move makes XTX first non-bank liquidity provider to clear NDFs

Cash price

XTX Markets is set to begin clearing its foreign exchange non-deliverable forwards (NDFs) trades with LCH, becoming one of the first non-bank liquidity providers to do so.

The UK-based market-maker will be going live with FX NDF clearing on LCH’s ForexClear “soon”, says a spokesperson for the firm, either as a client of clearing members or via prime brokers.

An LCH spokesperson declined to comment on the plans.

XTX’s expansion into cleared NDFs comes at a time when the market is increasingly

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