Using CLS means that Eurex Clearing has support from a well-known settlement provider. This is expected to ensure that the services are able to run smoothly as soon as they are officially launched to the public. Erik Müller, the CEO of Eurex Clearing said: Central clearing and guaranteed settlement for cross currency swaps in CLSClearedFX…
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In the past two years the program has given seats to Commerzbank, Deutsche Bank, J.P. Morgan, LBBW and UniCredit. Head of Fixed Income & Currencies at UniCredit Group Tong Lee will be a member of the board in future. For Deutsche Bank, David Feldmann, Head of Capital Markets Germany, Austria & Switzerland, will take over…
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Deutsche Börse Group announced on its website earlier today that Swiss Life Asset Managers has been added to Eurex Clearing as direct clearing member. Swiss Life Asset Managers is the first buy-side client using the central counterparty’s ISA Direct service for OTC Interest Rate Derivatives with ABN AMRO acting as clearing agent. ISA Direct supports both…
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Eurex Clearing, part of Deutsche Börse Group, has successfully executed its very first swap trade for US-based end clients. The company’s swap clearing service has been well-received by US firms with Citibank being the first major firm to offer its clients swap clearing using the Eurex service. Eight other major financial services companies have also partnered…
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Eurex Clearing, part of Deutsche Börse Group, has announced that it has appointed Dmitrij Senko as Chief Risk Officer. It’s great news that Dmitrij has agreed to join the board,” said Erik Müller, CEO of Eurex Clearing. “Risk management is at the core of our business and is of special importance to Eurex Clearing. Dmitrij…
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Eurex Clearing starts offering clearing services for swap transactions to clients of futures commission merchants (FCMs) domiciled in the U.S., Deutsche Boerse announced earlier today. CFTC has already given Eurex Clearing authorization to provide clearing services for swaps for U.S. clearing members as well as their customers The U.S. is an important market for us,…
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NEX Markets, a NEX Group (LON:NXG) business providing electronic trading technology solutions at the centre of the FX and fixed income global markets, has announced that BrokerTec Europe Limited has worked with Eurex Clearing, one of the largest global CCPs, to launch a new clearing solution for the European repo market. The new clearing solution…
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Eurex Clearing has announced that it plans to expand its Partnership Program to cover the repo and OTC foreign exchange (OTC FX) segments. The design of the program extension is complementary to the OTC interest rate derivatives segment, which started in January 2018. As part of its partnership program Eurex Clearing shares governance and economics…
Read moreDeutsche Boerse Group has announced that Jeffrey Tessler has been appointed as Chairman at both Eurex Frankfurt and Eurex Clearing. He replaces Hugo Bänziger, who had held both mandates since 2002. He resigns at his own request. Gregor Pottmeyer was elected as vice chair. We are delighted to welcome Jeffrey Tessler as our new Chairman,”…
Read moreThe Dutch State Treasury Agency announced that it has decided to enable central clearing of euro denominated interest rate swaps via Eurex Clearing in Frankfurt for the State of the Netherlands. As Debt Management Office, the Dutch State Treasury Agency is exempt from the obligation to clear swaps through a Central Counterparty (CCP). However, the…
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