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Deutsche Börse lures top UK banks in euro-clearing land grab

Scheme designed to take clearing away from London has boosted volumes at Eurex Clearing

Deutsche Börse lures top UK banks in euro-clearing land grab

Barclays and HSBC are among the most active participants in a scheme introduced by Deutsche Börse this year to lure clearing away from London.

The German exchange group's clearing house, Eurex Clearing, announced details of a revenue-sharing programme in October. Some of the world's biggest banks, including Bank of America Merrill Lynch, Citigroup, JPMorgan and Morgan Stanley, were among the first to show interest in signing up.

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