De Volksbank joins Eurex direct access clearing model
De Volksbank is the first Dutch bank to join the ISA Direct model from Eurex which offers direct clearing membership to institutions.
De Volksbank is the first Dutch bank to join the ISA Direct model from Eurex which offers direct clearing membership to institutions.
German exchange expands its ESG suite with the launch of five futures based on MSCI’s ESG Enhanced Focus Index family.
The Micro-DAX, Micro-EURO STOXX 50 and Micro-SMI futures will begin trading at Eurex on 19 April this year.
The pair said the newly expanded product offering emphasized their commitment to connecting markets globally.
The partnership between the two entities will see three futures contracts and one option list on the 29 March.
On 11 February, Eurex saw 104,000 ESG contracts traded with most of those being options on the STOXX Europe 600 ESG-X index.
The bank has transferred its entire portfolio of derivatives composed mainly of interest rate swaps from London’s LCH to Eurex Clearing.
The pilot phase at Eurex with BNP Paribas and Goldman Sachs marks a milestone in the shift from OTC to regulated, on-exchange trading.
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.
SGX confirmed in May that it would be delisting its MSCI futures by February 2021, as Eurex Exchange says it has increased its market share.