CFTC hears NDF workload fears

12 months until clearing may come too soon for the industry

gavin-wells-lch-clearnet
Gavin Wells, ForexClear

Industry responses to the US Commodity Futures Trading Commission's (CFTC) consultation on clearing non-deliverable forwards (NDFs) within a 12-month timeframe suggest concerns are rising about a potentially disastrous liquidity split, which could occur if market participants lack sufficient time to prepare for the switch.

The feedback, which has yet to be made public, was tasked to the CFTC's Global Markets Advisory Committee (GMAC) following a meeting in Washington in October. Respondents high

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: