Trad-X partners with Eurex Clearing to expand interest rate
Trad-X partners with Eurex Clearing explained by professional Forex trading experts the “Trad-X partners with Eurex Clearing” FX trading team.
Trad-X partners with Eurex Clearing
Trad-X, the global interest rate derivatives trading platform of Compagnie Financiere Tradition SA (SWX:CFT), today announces a set of initiatives to increase liquidity and bolster its presence in the global interest rate swap (IRS) market.
Trad-X will launch a new central limit order book (CLOB) for EurexOTC cleared products today. The CLOB will initially focus on the most liquid Euro interest rate swap tenors such as 2y, 5y, 10y and 30y swaps, associated spreads and flys, and BUND, BOBL and SCHATZ asset swaps.
In addition, Trad-X will conduct auctions to provide a transparent and liquid central counterparty (CCP) switch service between Eurex Clearing and LCH.Clearnet. The new service will give participants the opporunity to efficiently move positions from one CCP to another and to optimise their margin exposure.
The roll-out of a CCP switch service for Euro denominated IRS comes after the successful launch of a similar market for USD products on the CFTC-registered Swap Execution Facility (SEF) – TraditionSEF, where Trad-X forms the backbone of Interest Rate Swap CLOB liquidity.
Trad-X partners with Eurex Clearing Conclusion
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