Eurex reveals plans for clearing credit-default swaps

07/23/2008 | Financial Times (free content)

Eurex has joined its rivals, including CME Group, in rushing to offer clearing for over-the-counter credit markets. Meanwhile, Markit Group and The Depository Trust & Clearing Corporation announced their plans for confirming and processing OTC derivatives. Regulators have urged exchanges to reduce possible systemic risks in the markets, a problem that Eurex said it addressed.

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