Clearing will grow, but co-exist with PB, panellists say

CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers


In foreign exchange, prime brokerage (FXPB) and clearing will co-exist in the future as, unlike in other asset classes, some products are better suited to the flexibility offered by FXPB’s models, while a chunk of the market such as non-deliverable forwards (NDFs) and cash-settled options will gradually move into clearing, panellists at the 13th annual FX Week Asia conference told the audience.

Ravi Pandit, executive director for foreign exchange and interest rate products for Asia at CME Group

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