Deutsche Börse-owned Eurex Clearing has become licensed to offer clearing services in Japan, expanding its geographic scope beyond marketplaces in the EU and the US. Citi will seek to benefit from the move by attracting Japanese clients to its cleared swap connectivity on the platform.

In a press release, Eurex says that it has been granted the license by Japan’s Financial Services Agency (FSA), to act as a “foreign financial instruments clearing organization” – news picked up by The Trade.

“The service extension into one of the largest Fixed Income markets is driven by client demand and will support the strong momentum of Eurex Clearing’s EU-based liquidity pool for Euro Swaps,” Eurex writes.


The group claims to have developed a strong liquidity pool for clearing euro-denominated interest rate derivatives, mainly through a partnership program since two years.

“With this step, we further geographically expand our service offering into Asia and underline our commitment to becoming the global home of the euro yield curve,” states Erik Müller, CEO of Eurex Clearing, in the press release.