Eurex cuts no Ice


Exchanges and clearing houses have had their work cut out since a group of major dealers agreed with the European Commission (EC) in February to begin clearing eligible credit default swaps (CDSs) through central counterparties (CCPs) in the European Union (EU) by the end of July. As the deadline approached, two entities confirmed they would have clearing initiatives ready: Atlanta-based IntercontinentalExchange, which launched CDS clearing on its Ice Clear Europe platform on July 29, and Frankf

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