Eurex nabs bank for direct clearing biz

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By GlobalCapital
12 Nov 2019

An Austrian firm has become the first European Union-domiciled bank to join Eurex’s ISA Direct offering as a basic clearing member.

Eurex Clearing said the service was gaining traction as more firms look into having a direct relationship with a central counterparty.

ISA Direct is designed to combine elements of a direct clearing membership with the traditional service relationship in client clearing. It creates a principal client relationship between ...

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