Electronic trading and clearing of NDFs poised for growth in Asia

Asian regulators are expected to closely follow their peers in the US and Europe in demanding swap execution facilities and over-the-counter derivatives clearing in Asia. This may bolster e-trading for NDFs based on Asian currencies


Electronic trading of non-deliverable forwards (NDFs) is likely to grow in Asia to increasingly replace voice brokering as Asian regulators pay move to align their rules governing over-the-counter derivatives with those of their US and European counterparts, market participants say.

While Asian regulators are generally still in a "fact-finding" mode regarding whether Asia jurisdictions should implement exchange-like trading venues akin to the swap execution facility (Sef), proposed under last

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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