LCH.Clearnet Announces Hitting $1 Trillion Milestone on ForexClear

LCH.Clearnet, a majority owned subsidiary of the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term announced that it has cleared $1 trillion on FX NFDs since launching its ForexClear service in March 2012. ForexClear, LCH.Clearnet’s platform for clearing FX OTC orders provides coverage for 11 currencies which compose of 95% of the NDF market. Currencies include the Brazilian Real, Russian Ruble, Indian Rupee, Chilean Peso, Chinese Yuan, Korean Won, Colombian Peso, Indonesian Rupiah, Malaysian Ringgit, Philippine Peso and Taiwan Dollar. Access to ForexClear is via either Traiana’s Harmony CCP Connect or MarkitSERV’s CCP Gateway services.

The current trillion dollar milestone comes after the firm announced that they had reached $500 billion in cleared trades back in January. According to LCH.Clearnet, ForexClear has “evolved in line with changing Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term to help users meet the new requirements” by adding support for US regulatory reporting of FX trades in January, while introducing straight through processing in March to meet CFTC regulations.

Commenting in the company’s public release, Gavin Wells, CEO of ForexClear, said “we are seeing the transition to clearing well ahead of the new regulations and clearing mandates as participants come to understand the associated economic benefits. ForexClear’s success is based upon our ability to anticipate user requirements and implement timely and practical solutions. This important milestone validates our collaborative approach, and we look forward to working with both buy-side and sell-side participants alike to ensure we continue to meet their needs as the cleared FX market evolves.”