Eurex Clearing adds Bloomberg US SEF, UK MTF as regulated swap trading venues

Eurex Clearing and Bloomberg extend cooperation for interest rate swaps clearing.

Eurex Clearing has announced Bloomberg’s US-based Swap Execution Facility (SEF) and UK Multilateral Trading Facility (MTF) have connected to the firm as Approved Trade Sources (ATS).

The move will allow Eurex Clearing’s clients to submit executed swap transactions directly through the Bloomberg SEF or MTF in the UK to Eurex Clearing as the central counterparty.

Bloomberg was the first venue operators to offer direct connectivity to Eurex for its OTC trading services in 2016, now extending this link to Eurex Clearing from its regulated execution venues.

“Having received CFTC approval to clear interest rate derivatives for US persons under a DCO (Derivatives Clearing Organisation) license, direct connectivity to Bloomberg is another important step in expanding our OTC clearing services to sell and buy-side clients in the US and Europe,” said Danny Chart, head of fixed income business development at Eurex Clearing.

Bloomberg’s Dutch MTF, which was recently granted operational authorisation, will also connect to Eurex Clearing as part of the agreement.

In January, Eurex Clearing appointed Dmitrij Senko as its new chief risk officer after confirming that Thomas Laux, who has been with the company for more than a decade, will leave later this year to pursue other opportunities.