Wells Fargo Joins LCH ForexClear as Clearing Member

US-based bank Wells Fargo has become the latest clearing member to join LSEG’s LCH ForexClear. The bank has processed its first NDF trade through the service and becomes the third new clearing member to join LCH ForexClear in the past 12 months according to a story in The Trade news. Wells Fargo will now be able to benefit from ForexClear’s offering, including margin, liquidity and netting opportunities.