Price of credit to rise while clearing still years away

The cost of credit in FX may be rising, but it's still cheaper than clearing, webinar participants say

marco-baggioli
Marco Baggioli: clearing is not viable at the current cost structures in FX

Rebalancing in the credit and prime brokerage (PB) space in foreign exchange is set to continue until the full cost implications of regulatory and capital costs become clear, with no respite offered by the possibility of central clearing as the associated costs would be multiple times more expensive than the existing FXPB model, panellists at FX Week's prime-of-prime webinar told the audience.

Since the momentous Swiss National Bank event of January 2015, foreign exchange credit intermediation

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: