Eurex adds Barclays to US clearing stream, building swap offering

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By GlobalCapital
13 Jun 2019

Barclays has become the first European bank to offer Eurex over-the-counter (OTC) clearing services to US clients. It is being offered through Barclays US registered futures commission merchant.

The bank is linking up with EurexOTC Clear to support Eurex in expanding its US distribution network. Eurex bills EurexOTC Clear as its “future-proof” service for OTC IRS Euro Clearing, presenting it as a liquid EU-based alternative to clear euro denominated interest rate swaps.

Eurex said the first ...

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