JP Morgan and LBBW clear first SOFR swaps at Eurex
Eurex has cleared the first USD SOFR swaps with JP Morgan and LBBW in latest development for the benchmark transition process.
Eurex has cleared the first USD SOFR swaps with JP Morgan and LBBW in latest development for the benchmark transition process.
Matching and negotiation platform Wematch said the transaction is the first to be negotiated on an electronic basis.
Morgan Stanley and LBBW have cleared the first €STR derivatives referencing the new interest rate benchmark.