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Deutsche Börse says client clearing remains focus

Europe's largest exchange operator expects swaps clearing to add between €50m to €100m to its revenues in the medium term

Capitalising on the shift of the vast bulk of the $600 trillion over-the-counter derivatives market towards central clearing remains the primary focus of Deutsche Börse’s operations for the rest of 2012, the exchange’s chief financial officer said today.

Gregor Pottmeyer, the group's chief financial officer, confirmed on a call to global analysts that the bourse had reached an agreement with seven major swap-dealing banks, which is expected to result in them directing swap clearing flows from buyside customers such as pension funds to the exchange's clearinghouse, Eurex Clearing.

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