Eurex plans to offer OTC clearing by first half 2009

24 Jul 2008

Eurex will launch a European OTC clearing platform in the first half of 2009. The exchange will initially offer a clearing service for credit default swaps and expand into other asset classes including equity and fixed income derivatives.
No timetable for the introduction of the new asset classes has been set.

“The benefits would be increased market stability and capital efficiency. Customers...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.

Eurex plans to offer OTC clearing by first half 2009

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