Eurex kicks off cross-currency clearing

Foreign exchange currency FX adobe stock
By GlobalCapital
24 Oct 2019

Eurex Clearing has cleared its first cross-currency swap transactions, with JP Morgan and Morgan Stanley the first counterparties to use its OTC FX clearing service.

The move comes amid growing demand for OTC FX clearing as firms seek to comply with uncleared margin rules. Eurex Clearing owner Deutsche Börse Group described the cross-currency swap transactions as an important milestone in its FX strategy.

“With the successful completion of these first transactions, we have ...

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