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Other opportunities for cross-border trades are appearing.
On Thursday, the agency and European regulators announced a broad "path forward" for how to jointly approach cross-border trades.
This is largely thanks to active investors, including hedge funds, who use futures in crafting increasingly complex multi-asset, cross-border trades.
Meanwhile, in Russia, Vietnam and Thailand, some cross-border trades with China can now be settled in renminbi, so that trading partners do not have to convert in and out of dollars.
One of the banks, BNP Paribas, protests that its own dominant position in settling cross-border trades in French equities is being undercut by a cross-subsidised unit of Euroclear.
Under the plan, which could be introduced by next summer, the cost of domestic trades will remain constant, while the price of cross-border trades could fall by as much as 90percentt.
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Mark Tran looks at cross-border trade in Africa and moves to make border crossings faster and more efficient.
Cross-border trade is a good place to begin.
But France is sworn to oppose cross-border trading.
Around two-thirds of cross-border trade goes by road.
Today's copyright regime prohibits such cross-border trade.
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