Tag: Eurex Clearing

Bitcoin ETN Launches on Xetra

Deutsche Boerse today announced the first digital asset to list on Xetra. The BTCetc, Bitcoin Exchange Traded Crypto (BTCE), issued by ETC Issuance – is the world’s first centrally cleared Bitcoin tracker. The Exchange Traded Note (ETN) was admitted to the regulated market of the Frankfurt Stock Exchange (FWB) and is fully collateralised by bitcoin. “With the […]

Eurex Extends OTC Clearing Services to Japan

Japan’s Financial Services Agency (FSA) has granted Eurex Clearing a license as a “foreign financial instruments clearing organisation”. This extends Eurex’s central counterparty clearing services in the European Union and US, to include Japan as well. With the new license, Japanese financial institutions can directly access Eurex for swap clearing and combine their listed and […]

Eurex Clearing Expands Buy Side Sales

Nick Barnes will join Deutsche Börse Group as senior vice president for sales and relationship management on 1 March 2020, to concentrating on Eurex Clearing’s buy-side initiative. He will be based in London and report to Jonathan Lombardo, head of fixed income derivatives funding & financing sales, northern Europe. European Sales at Eurex is led […]

DekaBank Moves Trades from LCH to Eurex Ahead of Brexit

With the UK still headed for a Brexit in 2020, subject to December’s General Election, German banking group DekaBank, the securities services provider of the German Savings Banks Finance Group, has successfully transferred a substantial portion of its swap book from UK-based LCH to Frankfurt-based Eurex Clearing in a single day. What the firm calls […]

Eurex Begins Clearing Cross Currency Swaps

Eurex Clearing has cleared its first cross currency swap transactions, with the trades being submitted by JP Morgan and Morgan Stanley. In a release issued today, Deutsche Börse Group says that cross currency swaps represent an “important component” of its overall FX strategy, which it is executing across Eurex, Eurex Clearing and 360T. Eurex Clearing’s […]