FX Week USA: Prime brokers braced for change under mandatory clearing regime
Foreign exchange prime brokers are gearing up for a major change in the way they serve their clients as a result of regulatory change and mandatory clearing of options and non-deliverable forwards (NDF), according to speakers at the FX Week USA conference in New York on July 14.
"The typical customer is now facing mandatory clearing of FX options and NDFs, which typically account for 10–15% of a client's portfolio. Does the client want to adopt a completely new set of processes and technology
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