FX Clear - ClearCorp
FX Clear
Introduction
FX-CLEAR, a forex dealing system, which was launched by Clearcorp on August 7, 2003, offers two modes of dealing i.e. Order Matching mode and Negotiation mode.
The platform provides for trading in the following instruments:
a.Spot – Interbank Spot, R-Spot (FBIL Reference Rate) and C-Spot (Customer Spot))
b. Swaps
(i)Short tenor: Cash-Tom, Tom-Spot and Cash-Spot
(ii)Long tenor: Spot over 35 months, LD/LD, Rolling Month, and Quarter-end/ Quarter-start
c. Outright Forward-Month 1-end and Month 2-end
Features
Reducing the cost of forex transactions in India by providing cost-efficient trading terminals. A minimal charge of Rs.20 per USD million is levied for the Interbank
Order Matching Mode: The order matching mode of FX-CLEAR platform provides a neutral, anonymous and order driven dealing
Negotiation Mode: The Negotiation mode facilitates the dealer to chat with other members’ dealers for the purpose of arriving at
Benefits
- Cost efficient platform for Inter-bank forex dealings
- Level playing field for all members as they can trade freely without setting bilateral limits
- CCP guarantee of settlement from point of trade on the platform
Support
Support Activities consists of Opeational Guide and System Prerequisites. To know More about Please click on the below read more button.
