FX could move to financial settlement under clearing pressure – GFXD’s Lam
Addressing the challenges of clearing deliverable foreign exchange products, Mandy Lam of the Global Financial Markets Association suggests more products could become financially settled in the future
More foreign exchange derivatives could move towards financial rather than physical settlement in the coming years if the market fails to find a satisfactory and resilient mechanism for clearing deliverable foreign exchange products such as options, a senior industry lobbyist has suggested.
Speaking at the FX Week USA conference in New York earlier this week, Mandy Lam, managing director for North America at the global forex division (GFXD) of the Global Financial Markets Association
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