Eurex will extend its OTC Wholesale Facility’s Exchange for Swaps functionality to accommodate equity index swaps. This will allow easier clearing of OTC equity index swaps and simultaneous hedging through the futures market.
The Exchange for Swaps allows users to engage in matched pairs of over-the-counter swaps and listed futures. So far it has only supported three asset classes: interest rate swaps and swaptions with fixed income futures; credit default swaps with credit futures; and...