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The Eurex Clearing partnership program will reward its 10 most active participants with a share of revenue, and give board seats at the clearinghouse to the five largest. Deutsche Boerse has already received interest from clearing members including JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG and Morgan Stanley, the company said in a statement Monday.
“This market-led initiative will benefit clients and the broader marketplace through greater choice and competition, improved price transparency as well as reduced concentration risk,” Eric Muller, head of Eurex Clearing, said in the statement. [...]
Eurex Clearing partnership program announcement