NEX Optimisation offers central clearing connectivity

NEX Optimisation has announced that it has provided central clearing connectivity for its FX risk mitigation service in non-deliverable forwards.

First Published by e-Forex News: December, 2017

Ken Pigaga
Ken Pigaga

NEX Optimisation has announced that it has provided central clearing connectivity for its FX risk mitigation service in non-deliverable forwards. The clearing connectivity capability enables dealers to flag trades that are part of a risk mitigation cycle for automatic submission to a central counterparty clearing house (CCP). Clients of the Reset FX risk mitigation service can now benefit from direct connectivity to CCPs allowing trades matched between two counterparties to be submitted directly for clearing rather than having to be re-submitted for secondary matching prior to communication to a CCP. Ken Pigaga, CEO of NEX Optimisation, said: “By offering central clearing connectivity to Reset clients, we can streamline their FX cleared trade workflow and make trade processing far more efficient.