Eurex Clearing taps SIX for new chief executive
Executive brings extensive experience across financial market infrastructure, regulatory strategy and clearing leadership to the role.
Executive brings extensive experience across financial market infrastructure, regulatory strategy and clearing leadership to the role.
The move marks a further expansion of the service’s current clearing house coverage, which also includes LSEG’s LCH, CME Clearing and Japan Securities Clearing Corporation (JSCC).
The transaction mobilised collateral for Dutch pension fund PGGM using distributed ledger technology provided by HQLAx and Clearstream, marking a first for a central counterparty globally.
As of last month, Eurex reported record volumes in its cleared repo markets, doubling across all markets year on year.
At FIA’s International Derivatives Expo, panellists praised the derivatives markets’ ability to cope with extreme volatility, while highlighting that latency should be a priority to ensure resiliency moving forward.
New offering will help support sustainable transformation by improving transparency related to cleared portfolios and counterparties.
In an effort to lure more banks and investors from the UK, Eurex Clearing has extended its incentive program following the equivalence decision from the European Commission.
Eurex has cleared the first USD SOFR swaps with JP Morgan and LBBW in latest development for the benchmark transition process.
Management reshuffle at Eurex Frankfurt and Eurex Clearing will see Michael Peters replace Thomas Book as chief executive of Eurex Frankfurt.
Eurex Clearing has cleared its first inflation swap transactions, with BNP Paribas, UniCredit and Societe Generale the first to submit trades.