J.P. Morgan Likely To Pull Out Of ECHO By Late February Commitment Deadline


J.P. Morgan, which helped sink the North American Clearing House Organization's (NACHO) plans to launch a multilateral netting scheme when it pulled out of the project last year, is now expected to pull out of the European Clearing House Organization (ECHO) come February.

Although a spokesman there insists that the bank is still officially part of the ECHO project and its name is listed in the proposal as one of the "founder members," the bank's objections to NACHO's inclusion of longer-dated

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Regulation shifts focus to listed FX

Jens Quiram, global co-head of FIC derivatives and repo sales at Eurex, assesses the state of the regulatory landscape in the FX market and outlines how listed markets offer a viable alternative to increasingly costly over‑the-counter instruments

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