Eurex Clearing launches partnership programme
09 October 2017 Frankfurt
Image: Shutterstock
Eurex Clearing has developed a partnership programme for the clearing of interest swap rates, designed to 鈥渁ccelerate the development of liquid, EU-based alternatives鈥�, the firm said.
The programme plans to build a 鈥渂alanced ecosystem鈥�, responsible for aligning responsibilities and benefits related to economics and governance, bringing 鈥済reater choice and transparency鈥� to the market.
The clearinghouse co-developed the programme with major players in the interest rate swap market, including dealers, end-clients and execution ventures.
Early interest has been registered from the Bank of America Merrill Lynch, Citigroup, Commerzbank, J.P. Morgan, Deutsche Bank and Morgan Stanley.
Registration for the programme opened on 9 October 2017 and will close on 20 November 2017, with the 10 most active participants to be included in the governance and committee structure of Eurex Clearing.
Eric M眉ller, CEO of Eurex Clearing, said: 鈥淭his market-led initiative will benefit clients and the broader market place through greater choice and competition, improved price transparency as well as reduced concentration risk.鈥�
Sam Wisnia, global head of rates and FX at Deutsche Bank, added: 鈥淭his programme is a constructive contribution to help the marketplace navigate the political and regulatory challenges facing our industry.鈥�
The programme plans to build a 鈥渂alanced ecosystem鈥�, responsible for aligning responsibilities and benefits related to economics and governance, bringing 鈥済reater choice and transparency鈥� to the market.
The clearinghouse co-developed the programme with major players in the interest rate swap market, including dealers, end-clients and execution ventures.
Early interest has been registered from the Bank of America Merrill Lynch, Citigroup, Commerzbank, J.P. Morgan, Deutsche Bank and Morgan Stanley.
Registration for the programme opened on 9 October 2017 and will close on 20 November 2017, with the 10 most active participants to be included in the governance and committee structure of Eurex Clearing.
Eric M眉ller, CEO of Eurex Clearing, said: 鈥淭his market-led initiative will benefit clients and the broader market place through greater choice and competition, improved price transparency as well as reduced concentration risk.鈥�
Sam Wisnia, global head of rates and FX at Deutsche Bank, added: 鈥淭his programme is a constructive contribution to help the marketplace navigate the political and regulatory challenges facing our industry.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
