In this episode Chris Barnes and Mark Bell discuss the significant developments in FX clearing for 2024, particularly focusing on FX options. Chris highlights the growth in FX options clearing, noting it as a breakout year, and delves into the dynamics of the market, including the impact of uncleared margin rules and the role of clearinghouses like LCH ForexClear.
The discussion also touches on the resilience of the FX market and the effectiveness of margin models in clearinghouses.