September 9, 2019 / 9:46 AM / 2 months ago

Eurex scraps fee to attract euro clearing from London ahead of Brexit

LONDON, Sept 9 (Reuters) - Deutsche Boerse’s Eurex Clearing arm said on Monday it was scrapping booking fees for customers that want to switch clearing in over-the-counter derivatives to the Frankfurt operator ahead of Brexit.

“The incentive program of Eurex Clearing provides for a 100% discount on booking fees for portfolio switches in over-the-counter interest rate derivatives to Eurex Clearing until end of 2019,” Eurex said in a statement.

Reporting by Huw Jones, Editing by Lawrence White

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