Eurex gains ground with profit sharing scheme
First Published 6th February 2018
25 market participants have signed up to the profit sharing scheme since its launch
Eurex Clearing's profit sharing scheme continues to win clearing business from London since October 2017.
The cleared average daily volume in OTC rates surged to 35 billion EUR in January 2018 from 5 billion EUR in 2017, as reported by Eurex.
We observe an increasing number of banks now quoting the same spread for Eurex Clearing and LCH cleared swaps," said Eurex Clearing CEO Erik Müller. "This provides end clients such as investment funds, insurance firms and pension funds with real choice for the first time."