LCH.Clearnet confirms FX options clearing for 2011
Annual results confirm significant investment in developing clearing services for FX options
London-based clearing house LCH.Clearnet will launch clearing for over-the-counter foreign exchange options later this year, it confirmed in its annual results on March 28.
Reviewing the company's achievements in 2010, LCH chief executive Roger Liddell confirmed it had been developing and investing in its FX clearing service last year. "We are on track to launch clearing for OTC FX options in late 2011," he said.
In December 2010, LCH.Clearnet was almost ready to announce details of its new FX
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