FX clearing to accelerate in 2016
ForexClear's Gavin Wells sees the drive towards greater capital efficiency gathering pace
As the first margin requirement threshold for non-centrally cleared derivatives increases the cost of capital beginning in September 2016, the drive towards greater capital efficiency in the FX industry will gather momentum, says Gavin Wells, global head of LCH.Clearnet's ForexClear.
"In 2016, the need for capital efficiencies will increasingly be at the forefront for the industry," says Wells. "As the margin rules on non-cleared derivatives edge closer, I expect an acceleration of the trend
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