Is it $5bn or $77bn? Data enters the euro clearing row

Eurex set to challenge LCH estimates of clearing relocation costs

Since the UK voted to leave the European Union last June, there has been a lot of big talk from continental politicians about the need to wrest control of euro-denominated clearing from London. LCH – the main loser in this scenario – has been fighting back with big numbers, suggesting market participants would face a sharp increase in cost.

Now, Eurex – a possible beneficiary – is set to publish its own analysis of the costs and benefits. Its numbers will be very different.

A preview of the ar