Tag: forex clearing

December 20, 2016 BY admin

Otkritie Capital becomes individual clearing member on Moscow Exchange Forex Market

Otkritie Capital International Ltd (OCIL), a UK-based, FCA-regulated prime-broker operating across global financial markets has become the first international broker admitted to individual clearing membership on Moscow Exchange. The company will clear and settle trades executed by authorized trading members on behalf of OCIL and its clients. Grigoriy Kozin, Head of Prime Services at Otkritie Capital,…

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August 07, 2014 BY Mike Fox

CLS July avg daily volume down 9.8%; average daily value down 13.7%

CLS, which operates the largest multi-currency cash settlement system to mitigate settlement risk for the FX transactions of its members and their customers saw a fall back in volume activity for July. Alexander Filshie, Chief Financial Officer, CLS: ”The average daily volume submitted to CLS in July 2014, combining the settlement and aggregation services, was…

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June 16, 2014 BY Mike Fox

CLS FX aggregation volumes down slightly in May

The CLS settlement service has seen May FX volumes drop a tad. The average daily volume submitted to CLS, combining the settlement and aggregation services, was 977,460 down 0.7% from 983,850 in April. Further, average daily value dropped roughly 0.6% from April with the average daily value of matched trading instructions submitted during last month coming out at $4.82 trillion which is also down…

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March 10, 2014 BY Andrew Saks-McLeod

LCH.Clearnet Makes Further Expansion To SwapClear Service

Electronic trade clearing house LCH.Clearnet has today announced that it has expanded its compression offering to include multilateral compression via its interest-rate derivatives clearing service, SwapClear Multi compression is now congruent to SwapClear’s existing Solo and Duo compression capabilities and enables multiple members to simultaneously compress their trades with each other, representing the latest corporate…

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October 23, 2013 BY Gerald Segal

LCH.Clearnet taps ex Citi exec Suneel Bakhshi as its new CEO

LCH was without a CEO since LSE's takeover of the multi-asset clearing house back in May. Multi-national clearing house LCH.Clearnet has announced that Suneel Bakhshi has been appointed as its new CEO. Whilst the final confirmation is pending a regulatory approval the new chief executive officer is expected to join the company in early 2014.…

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