Tag: ForexClear

ForexClear

IHS Markit Reports Spike in NDF Clearing

IHS Markit says that in 2017 it has processed a monthly average of 54,000 NDF contracts via Markitserv, a 920% increase compared to the same period last year.

“NDF clearing has seen strong interest as a response to the uncleared margin rules and other market factors,” says William Black, US head of OTC derivatives clearing at Credit Suisse. “We are proud to bring a scalable solution to this space and look forward to partnering with non-member clients as the market continues to develop.”

Saidi Set to Depart LCH Clearnet

Sofiane Saidi is set to leave LCH Clearnet, where he currently works in NDF and FX options product development, according to market sources. Profit & Loss understands that although no official date has been set for Saidi’s departure from the firm, he has already agreed to take a position at a major investment bank in […]