Eurex Clearing expands distribution offering to clients of U.S. clearing members


Eurex Clearing starts offering clearing services for swap transactions to clients of futures commission merchants (FCMs) domiciled in the U.S., Deutsche Boerse announced earlier today.

CFTC has already given Eurex Clearing authorization to provide clearing services for swaps for U.S. clearing members as well as their customers

The U.S. is an important market for us, and the recognition of our Derivatives Clearing Organization license and associated LSOC model is very good news as we further expand our global distribution and are now able to serve clients of FCM clearing members,” commented Erik Müller, CEO of Eurex Clearing. “With this step, our services have reached the next level, and it underlines Eurex Clearing’s commitment to our clients in the U.S. market.

Citi is excited to expand its industry-leading, global clearing offering to support clients who desire to clear swaps with Eurex via the FCM model,” added Christopher Perkins, Global Head of OTC Clearing and FX Prime Brokerage at Citi. “We remain committed to supporting our clients by providing scalable clearing services on clearing houses based on their demand, which has been very strong for the Eurex LSOC offering.

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