High-volume products will move to clearing
Capital and bilateral margin rules will increase pressure on the most-traded products to shift to clearing
Products such as options and G10 non-deliverable forwards (NDFs) will begin to migrate towards a cleared model over the course of 2017 and 2018, as regulatory requirements are set to change the economics of trading these contracts on a bilateral basis.
"One of the main changes in the FX market over the next 12 to 24 months is that more products are going to be cleared. The combination of capital and bilateral margin rules is putting pressure on high-volume products to move towards clearing,"
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