LCH.Clearnet intends to roll out a FX clearing service to position itself as a multi-asset class clearer, FX Week reports. The FX platform, to be known as ForexClear, is likely to be launched this year, starting with FX options.

In addition, the London-based clearing house is also in the process of expanding its credit default swap service. The firm’s Paris-based entity started clearing eurozone credit swap clearing contracts in March 2010 and had cleared 1,214 contracts as of August 19.

Click here for the story from FX Week.