Eurex writes off clearing link fungibility investment

Speaking at a press lunch during Futures Industry Association's annual conference in Chicago, Eurex CEO Rudi Ferscha told journalists that the exchange was writing off its investment in technology to facilitate fungibility of contracts across its global clearing link.

Ferscha said the €6m investment made in the software development had been written off in Eurex's financial results and that the fungibility functionality would be superceded by the...