The broker has launched a central limit order book for Eurex cleared products
German exchange giant Eurex and broker
Tradition have launched a new service that allows firms to
trade swaps at Tradition and clear directly into
Eurex’s swaps clearing service, increasing the
competitive pressure on Eurex rival LCH.
Tradition’s interest rate
swap broking unit Trad-X said it launched with Eurex on Monday
a central limit order book for EurexOTC cleared interest
rate swaps to coincide with the start of swaps onboarding in
Europe under the European Market Infrastructure Regulation.
The CLOB will carry the most liquid
Euro-denominated interest rate swaps, the partners said in a
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.