Eurex Clearing Provides Update on Lending CCP as Morgan Stanley Chimes In
- Amid recent shifts at Eurex, the company updates on its Lending CCP business.
Eurex Clearing, part of German-headquartered Deutsche Borse Group which operates major exchanges and clearinghouses, today provided an update on enhancements to its marketplace, as per an official statement.
Serving 176 clearing members across 17 countries and managing a collateral pool of roughly 50 billion euros and processing 16 trillion euros worth of gross risks, Eurex Clearing is a leading central counterparty (CCP) globally.
New CEO on July 1st
Erik Muller, an executive board member at Eurex, who will be taking over responsibility as CEO for Eurex Clearing at the start of next month, provided an update on recent activity within the company's clearing of securities lending.
The impact of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and the increasing cost of capital, combined with the drive for operational efficiency, support central clearing for the securities lending marketplace.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now – for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Lending CCP Shift
Mr. Muller said in a recent statement regarding the update: “The impact of regulation and the increasing cost of capital, combined with the drive for operational efficiency, support central clearing for the securities lending marketplace.”
At the end of 2014 Morgan Stanley partnered with Eurex Clearing to revise and expand its original securities lending clearing offering and since April 2016 has actively been using its Lending CCP.
Source: Eurex Clearing
Morgan Stanley Active Since April
Susan O’Flynn
Source: LinkedIn
Commenting on the developments, Susan O’Flynn, Global Head of CCP Strategy, Governance and Optimization at Morgan Stanley, explained: “Morgan Stanley and Eurex Clearing combined efforts to identify the remaining barriers to broader take-up of central clearing securities lending transactions.”
“This has been a key strategic development in creating a centrally cleared model that is resource-efficient for all participants and allows us to create additional capacity for our clients.”
Mrs. O’Flynn added: “Following extensive collaboration with our clients, we are now actively trading in a new centrally cleared model that is much closer to bilateral market execution, particularly in post-trade activity.”
Eurex Clearing, part of German-headquartered Deutsche Borse Group which operates major exchanges and clearinghouses, today provided an update on enhancements to its marketplace, as per an official statement.
Serving 176 clearing members across 17 countries and managing a collateral pool of roughly 50 billion euros and processing 16 trillion euros worth of gross risks, Eurex Clearing is a leading central counterparty (CCP) globally.
New CEO on July 1st
Erik Muller, an executive board member at Eurex, who will be taking over responsibility as CEO for Eurex Clearing at the start of next month, provided an update on recent activity within the company's clearing of securities lending.
The impact of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and the increasing cost of capital, combined with the drive for operational efficiency, support central clearing for the securities lending marketplace.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now – for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Lending CCP Shift
Mr. Muller said in a recent statement regarding the update: “The impact of regulation and the increasing cost of capital, combined with the drive for operational efficiency, support central clearing for the securities lending marketplace.”
At the end of 2014 Morgan Stanley partnered with Eurex Clearing to revise and expand its original securities lending clearing offering and since April 2016 has actively been using its Lending CCP.
Source: Eurex Clearing
Morgan Stanley Active Since April
Susan O’Flynn
Source: LinkedIn
Commenting on the developments, Susan O’Flynn, Global Head of CCP Strategy, Governance and Optimization at Morgan Stanley, explained: “Morgan Stanley and Eurex Clearing combined efforts to identify the remaining barriers to broader take-up of central clearing securities lending transactions.”
“This has been a key strategic development in creating a centrally cleared model that is resource-efficient for all participants and allows us to create additional capacity for our clients.”
Mrs. O’Flynn added: “Following extensive collaboration with our clients, we are now actively trading in a new centrally cleared model that is much closer to bilateral market execution, particularly in post-trade activity.”