Eurex pilots direct clearing for the buy side

CCP predicts 80% reduction in capital charges for banks acting as clearing agents

deutsche-borse-2016
Deutsche Börse-owned Eurex Clearing is launching direct membership for buy-side firms

Eurex has become the first central counterparty (CCP) to pilot a service in which buy-siders become direct members – a change it hopes will help reverse the flow of banks exiting the clear