Market-led solution to create an alternative liquidity pool for € short-term interest rate derivatives
Eurex will expand its Partnership Program for interest rate swaps to include short-term interest rate (STIR) derivatives segment.
Eurex’ partnership program together with major market participants aims to establish a viable alternative liquidity pool for trading and clearing EURIBOR Futures and Options within the EU.
By combining STIR derivatives with its leading long-term interest rate (LTIR) derivatives segment and its OTC interest rate offering, Eurex further enhances margin efficiency.
With this market-led solution to create an alternative liquidity pool for STIR derivatives Eurex supports the EU‘s systemic risk management and strategic autonomy agenda.
How does Eurex’s Partnership Program work?
The ten most active program participants are eligible for a significant share in the economics of the STIR offering of Eurex Clearing on a permanent basis. In addition, these clients are included in the governance and committee structure of Eurex Clearing. Participation is open to all Clearing Members and Registered Clients of Eurex Clearing.
The extension of the Partnership Program is the latest step in Eurex's efforts to provide the market with greater choice and bring more systematically relevant business into the EU.
Matthias Graulich, member of the Executive Board at Eurex Clearing
The program’s key elements