LCH ForexClear teams up with FX Connect

LCH, a leading global clearing house, has announced that it is the first clearing house to integrate with FX Connect TradeNeXus, State Street’s FX trading platform

First Published by e-Forex News: October, 2019

Paddy Boyle
Paddy Boyle

LCH, a leading global clearing house, has announced that it is the first clearing house to integrate with FX Connect TradeNeXus, State Street’s FX trading platform that provides exception based automated matching, trade and settlement confirmation enrichment and third party messaging. 

The new link provides users of TradeNeXus with easy access to ForexClear’s clearing service, while retaining the familiarity and functionality of its existing bilateral services. Paddy Boyle, Head of ForexClear, LCH, said: “Connecting FX Connect TradeNeXus as a new trade source for ForexClear makes it easier than ever for asset managers to clear their FX derivatives portfolios. This new connection comes at an opportune time of increased demand for clearing services with most of the largest asset managers becoming subject to uncleared margin rules this year or next.”