Sat, Oct 25, 2014
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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t