Eurex Clearing has announced plans to expand its Partnership Programme to cover the repo and OTC foreign exchange segments.
The business, which is owned by Deutsche Borse, says the design of the programme extension is complementary to the OTC interest rate derivatives segment, which started in January 2018. As part of its partnership programme Eurex Clearing “shares governance and economics with the most active programme participants”, meaning it is a profit sharing scheme.The new FX segment of the programme is designed to deliver the benefits of clearing to OTC FX markets, which are still largely uncleared today, the firm says.
Eurex Makes FX Clearing Play
