Repo trading becoming an increasing priority for the buy-side
Speaking at a closed roundtable on Tuesday, Erik Müller, chief executive of Eurex Clearing, described repo as “the oil in the wheels of financial markets”.
Speaking at a closed roundtable on Tuesday, Erik Müller, chief executive of Eurex Clearing, described repo as “the oil in the wheels of financial markets”.
Development builds upon the launch of FTSE Bitcoin index futures and options last year, with the new Ether offering listed in EUR and USD.
The asset manager will expand its FX futures business to Eurex, supported by Banco Santander as clearing member and Deutsche Bank as liquidity provider.
Roll-out will be staggered in strategic phases over the coming months, with the full integration across pricing, execution and lifecycle management targeted for a Q3 2024 launch.
With the expansion, Euroclear Bank will be able to boost operational efficiencies for market users and streamline collateral management.
Eurex will launch on three MSCI indexes: MSCI World Index, MSCI EAFE Index, and MSCI Emerging Markets Index.
The past week saw appointments across the C-suite, credit trading, equities and fixed income sales, as well as an executive departure.
Michael Peters is set to retire in September following three decades in the business.
New contracts based on SRI indices will be calculated by STOXX and MSCI, meeting growing demand for an advanced ESG methodology.
Risk management top of the agenda across Eurex business offerings on both the trading and clearing side, senior executives have affirmed.