Eurex delays CDS clearing launch
Eurex will "wait until the market is ready" before launching its central clearing platform for CDS.
The Frankfurt-based derivatives exchange had previously committed to clearing credit default swap trades linked to series 7, 8, 9, 10 and 11 of the iTraxx Europe, Hi-Vol and Crossover indices by the end of the first quarter, and single-name trades in the second half of the year.
However, the launch date has been pushed back to the end of the second quarter to enable clients to complete the necessary
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