ForexClear reaches $500 billion notional cleared
28 January 2013 New York
Image: Shutterstock
LCH. Clearnet has cleared more than $500 billion in notional of FX NDFs through its ForexClear service since it launched in March 2012. The volumes were driven by figures of $207 billion in Q4.
ForexClear鈥攚hich was created in collaboration with FX market participants and global regulators鈥攈as been driven by demand for clearing solutions as FX market participants seek to manage their counterparty risk exposures.
Gavin Wells, CEO of ForexClear, said: 鈥淭he strong growth in volumes cleared through ForexClear indicates that FX participants have full confidence in our offering and we are very proud of the outstanding progress made since launch just 11 months ago.鈥�
鈥淔urthermore, we remain fully committed to supporting the ambitions of global regulators, as demonstrated by our timely delivery of reliable and comprehensive FX data reporting.鈥�
ForexClear鈥攚hich was created in collaboration with FX market participants and global regulators鈥攈as been driven by demand for clearing solutions as FX market participants seek to manage their counterparty risk exposures.
Gavin Wells, CEO of ForexClear, said: 鈥淭he strong growth in volumes cleared through ForexClear indicates that FX participants have full confidence in our offering and we are very proud of the outstanding progress made since launch just 11 months ago.鈥�
鈥淔urthermore, we remain fully committed to supporting the ambitions of global regulators, as demonstrated by our timely delivery of reliable and comprehensive FX data reporting.鈥�
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