Eurex eyes swap futures market

German derivatives exchange unveils plans for swap futures a day after taking a stake in a similar initiative

Eurex is plotting a move into swap futures, as the battle grows for derivatives contracts that offer an alternative to over-the-counter products in the wake of global reform.

The Deutsche Börse-owned derivatives exchange will start listing deliverable swap futures, exchange-traded futures contracts that aim to replicate interest-rate swaps, from the second half of next year, Brendan Bradley, chief innovation officer and member of the Eurex executive board, told Financial News.

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