XTX Markets set to clear NDFs on ForexClear

- By Joe Parsons
- @Joe_Parsons416
- 11 Aug 2022

XTX Markets is set to begin clearing its foreign exchange non-deliverable forwards (NDFs) trades with LCH, becoming one of the first non-bank liquidity providers to do so.

The UK-based market-maker will be going live with FX NDF clearing on LCH’s ForexClear “soon”, says a spokesperson for the firm, either as a client of clearing members or via prime brokers.

An LCH spokesperson declined to comment on the plans.

XTX’s expansion into cleared NDFs comes at a time when the market is increasingly

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 info@fx-markets.com or view our subscription options here: https://subscriptions.fx-markets.com

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

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

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com