Eurex tees up OTC forex clearing with CLS
Net settlement at CLS could slash liquidity risks for CCPs clearing OTC forex contracts
Eurex Clearing has struck a deal with CLS to utilise its net settlement service for cleared over-the-counter foreign exchange derivatives, Risk.net has learned.
The move allows Deutsche Börse-owned Eurex, which currently clears and settles forex futures and listed options, to add OTC forex products such as swaps and forwards to its clearing service.
“This co-operation [with CLS] allows us to further expand our forex product portfolio,” says Heike Eckert, deputy chief executive of Eurex
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