Eurex Clearing For Efficient Clearing Solution In Europe - Nägeli: Technology And Volume Speak In Favor Of Eurex Clearing

Eurex Clearing AG, the clearinghouse for Eurex, the world's largest derivatives exchange, emphasized its willingness to collaborate on any meaningful clearing solution for Europe on Wednesday. The responsible Eurex Executive Board member, Otto Nägeli, said that Eurex Clearing would be available as a partner for the market in order to improve clearing and netting efficiency in Europe.

Eurex Clearing currently functions as the central counterparty for trading in financial derivatives at Eurex and for cash-market trading in German federal bonds on the ECN Eurex Bonds, which Eurex has been operating with leading international bond trading houses since October. During the second quarter of next year, the clearinghouse will be open for repos that international market participants have been able to trade via the ECN since the beginning of October. This will be followed by clearing and netting for equities.

"We have the tried-and-tested technology and also have the critical mass that no other European clearinghouse has to offer today," said Nägeli. This combination positions Eurex Clearing as the best solution for the market, he added.