FX central clearing: A work in progress
As it stands, the inclusion of forex, seemingly broadly, into the Act simply allows the US Treasury to decide at a later date whether forex products will be centrally cleared. By the point a decision is actually made, the technology might be available to have an appropriate volatility surface to transparently price options.
“It’s probably going to take the US Commodity Futures Trading Commission (CFTC) up to two years to write some rules and legislation around that, get that passed and then
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