Nasdaq OMX to launch FX clearing in November

clearing and settlement

Nasdaq OMX's Stockholm-based central counterparty (CCP) plans to develop an over-the-counter foreign exchange clearing service in November, joining the growing number of clearers active in the asset class.

The news follows its acquisition of Oslo-based Nos Clearing last July. The Norwegian commodity clearing house currently clears foreign exchange products, predominantly for its freight customers, and Nasdaq OMX plans to develop this offering further.

"The products we clear in the Nos set-up are

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