Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Eurex Clearing’ central counterparty service to go live on Nov. 22

Tuesday, November 06, 2012

Eurex Group , a global player in the financial derivatives business, announced today that Eurex Clearing’s innovative central counterparty (CCP) service for the securities lending market will go live on 22 November.

This will be the first service in Europe to preserve the special structure of the securities lending market and combine it with a proven and an industry-accepted CCP model, says Eurex’s announcement.

The new lending CCP should deliver great capital and operational benefits to all participants, and supports Eurex’s customers with the mitigation of their counterparty risk.

Eurex Clearing chose well-known partners and specialists in the securities lending market for introducing this service: Pirum System's Real-Time service for bilaterally agreed OTC transactions, and the trading capabilities of Eurex Repo's SecLend Market, together with the tri-party collateral management services of Clearstream Banking Luxembourg and Euroclear Bank will form part of the new offering.

The service will commence operations with an initial group of banks and asset classes, such as German and Swiss blue chip equities and ETFs, during its pilot phase. This way early adopters can align their existing connections and test their infrastructure to access Eurex’ CCP service.

Eurex Clearing i......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider