Over the course of 21 months starting in January 1997, Eurex did something extraordinary. It poached Europe's biggest interest rate futures market – the Bund contract – from London-based Liffe, which began that period with 65% of the volume and ended with zero. Now, the Frankfurt-based exchange and clearing house is hoping to repeat the trick in the over-the-counter derivatives market, with the intended target being another London-based incumbent – LCH.Clearnet's SwapClear.
The week in Risk.net, February 10-16 2017Receive this by email
- Operational risk in financial services: Navigating risk management challenges in an uncertain world
- UK banks face increased XVA burden after ring-fencing
- State aid, Brexit’s impact on Mifid, and the Fed embattled
- Banks get no relief from CFTC’s variation margin delay
- Three Japanese banks consider new CVA approach