Eurex may copy CME swap futures
German exchange seeking legal advice on scope of Goldman Sachs patent behind CME's interest rate swap futures
Eurex is consulting with dealers and buy-side firms on the potential launch of a euro-denominated interest rate swap future contract that may mimic the design of contracts traded on US rival CME Group, Risk has learned. The CME product begins life as a future, but users can opt to be delivered a cleared over-the-counter swap at the contract's quarterly settlement dates.
The German exchange is
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