Nasdaq’s bid for euro swap clearing faces questions
Dealers unconvinced by Swedish CCP’s attempt to capture relocated euro swap clearing volumes
Dealers are sceptical about Nasdaq Clearing’s move to launch euro interest rate swap clearing, as the Stockholm-based clearing house attempts to capture a portion of the volumes required to head to the eurozone.
At the beginning of the year, the central counterparty (CCP) announced its intention to expand its offering to clear euro, Danish and Norwegian krone interest rate swaps.
The initiative coincides with the European Parliament and Council of the EU nearing the final stages of approving the
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