Eurex is building an EU27 solution for clearing OTC IRS products after Brexit.
Index reform will be an important topic for markets over the next 24 months.
Uptake of compression services is expected to accelerate.
EACH also defined its strategy for the next year.
Equivalence decisions are due by 2020.
Treatment of initial margin can be a disincentive for client clearing.
Japanese customers could previously only access ForexClear through international subsidiaries.
UK will have a limited exemption from the clearing obligation to facilitate novations.
BrokerTec is also working on an SFTR product.