Germans Enlist Help to Move Trillions in Swaps From U.K.
- Eurex to have switching service ready for no-deal Brexit
- NEX, BGC, Tradition said to discuss facilitating trade moves
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After the war of words on euro clearing and Brexit, the real action has begun.
Deutsche Boerse AG is building a service that can move trillions of dollars in derivatives trades from LCH Ltd. in London to its own clearinghouse, Eurex Clearing, in Frankfurt. It’s working with four companies to provide the technology for the move.