JP Morgan’s new global head of FX clearing Andres Choussy is preparing to start FX clearing, FX Week reports. The bank has already formed most of the clearing infrastructure through its platforms for listed futures, credit and rates.

The bank aims to ensure that its clients understand what clearing involves, what the associated costs are and the changes that need to be made to their infrastructure. Choussy was previously head of credit default swap clearing for North America.

Click here for the story from FX Week.