ForexClear earmarks 2016 for FX options clearing

CCP time-stamps plan for third time since 2011

Gavin Wells
Gavin Wells, ForexClear

LCH.Clearnet-owned ForexClear is planning to launch an FX options-clearing service next year, subject to regulatory approval, FX Week has learned.

The proposal is understood to involve FX settlement utility CLS, but as yet no working details have been revealed. A spokesperson for the central counterparty clearing house (CCP) confirmed the plans, but declined to expand.

"ForexClear is indeed planning on launching an FX options-clearing service next year. As the project is still in the relatively

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