Eurex wins 24 banks for rates clearing offer

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By Ross Lancaster
21 Nov 2017

Eurex Clearing has made a strong start on a partnership programme that it hopes will provide interest rate swaps players with an attractive European Union-based option for clearing activity.

Eurex, which is marketing a similar model of revenue share and governance rights as rates clearing leader LCH, said 24 banks have met its early sign-up deadline for the service, which expired on Monday.

Bank of America Merrill Lynch, Barclays, ...

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