Eurex vs LCH.Clearnet: clash of the titans

German exchange woos big clearing members with promise of capital savings

kkrisk-final-stephen-lee-fixed-for-web

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

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: