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. As with the Bund heis
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data