Eurex turns to Asia in euro swaps grab
Asia Risk Congress: German clearing house urges Asian firms to shift euro swaps clearing to the EU
Eurex is urging Asian firms to switch their clearing of euro swaps trades away from the UK, to help the German clearing house build up market share and persuade the European Commission to block EU firms from trading at rival LCH.
“Asian and Australian institutions active in euro swaps need to be aware of the developments in Europe and need to plan for this,” said Markus Georgi, Eurex’s head of
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