Eurex Clearing to Become CCP for SL-x Trading
Eurex will act as a central counterparty (CCP) for SL-x's SBL transactions in Belgian, Dutch, French, German and Swiss stocks.
"We are very pleased to further expand distribution for the Lending CCP by working with SL-x," says Thomas Book, CEO at Eurex Clearing. " Our Lending CCP is widely recognized as industry leading and the first to preserve the special structure of the lending market. It helps banks to reduce the amount of capital they require to run their SBL businesses, enables them to improve operational efficiency, and reduces counterparty credit risk."
SL-x's new multilateral trading facility (MTF) is set to launch at the end of 2013, spanning 17 European equity markets.
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