A month of ongoing regulatory uncertainty
At the tail end of 2010, London-based clearing house LCH.Clearnet was preparing to announce details of a new clearing service for foreign exchange options. A draft press release seen by FX Week was ready for publication and just awaiting sign-off from the banks behind the initiative.
Months have passed and the press release has still not seen the light of day. According to officials at LCH.Clearnet, the FX options initiative is still proceeding and should go live later this year, but the press
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