Newedge UK Financial has joined EurexOTC Clear for Interest Rate Swaps (IRS), bringing the total membership to 17 firms.
“We have expanded our clearing services significantly over the past nine months, from listed derivatives and OTC commodity swaps to IRS OTC swaps. Joining Eurex Clearing is an important part of that strategy,” says Nicolas Breteau (pictured), chief executive at Newedge. “Strengthening our cross border services and broadening our clearing offer means that we remain well-placed to meet client needs and tap into future growth opportunities.”
“We are very pleased to welcome Newedge as a new user of our EurexOTC Clear offering, as its global offering plays a significant role in the international financial industry. Seeing them joining, proves the attractiveness of our offering,” says Matthias Graulich, global head of clearing relations and OTC development.