MarkitServ sees tenfold hike in NDF clearing volumes

- By Laura Matthews
- 10 May 2017

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The number of cleared non-deliverable forwards (NDFs) processed by MarkitServ has increased more than tenfold since April 2016, as new margin rules prompt more participants to explore the benefits of clearing certain instruments.

Data provided by MarkitServ, an end-to-end trade-processing and workflow solutions provider, showed the volume of cleared NDF trades rose to 50,752 in April this year, compared with 4,732 in April 2016. Year-to-date, the firm processed a monthly average of 54,110

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