The Clearing Corporation (TCC) has stepped up efforts to inform firms about the details of the Eurex transatlantic clearing link, the first stage of which it said could be up and running in May, with the link fully operational in the third quarter.

In an exclusive interview with FO Week, TCC executives detailed plans for the link, starting with TCC clearing of Eurex euro-denominated products next month, pending Commodity Futures Trading Commission (CFTC) approval. The next phase, with Eurex US products being cleared in Frankfurt and Eurex products trading on Eurex US, is scheduled to occur sometime in the third quarter, again subject to CFTC approval.

TCC executives have been meeting with firms individually for the past few weeks to go over the details of the link, and will also discuss it this week at the FIA OpTech conference in New York.

They have also been in close contact with...