ForexClear Hits Another FX Options Peak
Posted by Colin Lambert. Last updated: October 18, 2023
LCH’s ForexClear has reported continued growth in its FX options clearing service, hitting another new peak in volumes terms.
ForexClear says it cleared $12.9 billion-worth of FX options in September, significantly above the previous peak in July of $10.5 billion. This is a 25.2% rise in volume from August and is more than one-and-a-half times activity levels in September 2022.
Client NDF volume fell slightly from recent months, it has declined gently since hitting a new high in July 2023, and was just over $3 billion per day during the month. In August it was $2.9 billion, the peak in July was $3.3 billion per day.
ForexClear says it added two new clearing participants during the month and now has 67 clients using the service.