Eurex Clearing AG
Eurex Clearing AG is the leading European central counterparty (CCP) and clearing arm of Deutsche Börse Group, providing multilateral clearing for Euro-denominated listed derivatives, OTC interest rate swaps, repo, and securities to global banks, asset managers, and trading firms under EMIR 3.0.
- Company typePrivate
- Founded1998
- HeadquartersEschborn, Germany
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Eurex Clearing AG does
Eurex Clearing AG is a European central counterparty (CCP) clearing house and wholly-owned subsidiary of Deutsche Börse Group, operating since 1998 from Frankfurt/Eschborn, Germany, and serving as the group's designated post-trade clearing arm. The company provides multilateral clearing across four core product verticals: EurexOTC Clear for OTC interest rate derivatives (IRS, inflation swaps) and Credit Index Futures, Eurex Listed for exchange-traded futures and options, Eurex Repo for centrally cleared repo transactions, and Deutsche Börse Cash Market clearing for Xetra and Börse Frankfurt securities. Its position as the "Home of the Euro Yield Curve" makes it the leading CCP for Euro-denominated derivatives, with explicit EMIR 3.0 alignment and designation as a qualifying CCP under European regulation.
The technology stack is built around proprietary platforms: the C7 clearing engine processes listed derivatives and securities clearing (C7 SCS), while EurexOTC Clear handles OTC trade lifecycle, and the PRISMA risk-based margining system provides cross-product margin optimization and now integrates repo transactions for cross-margining. Supporting modules include the Common Report Engine for member reporting, the RBM and Prisma margin calculators, LSOC for client asset segregation and porting, ESG Clearing Compass, and the CCP Switch service that enables portfolio migration from competing CCPs. The company holds CFTC DCO registration for serving U.S. persons, is GDPR compliant, and operates a tiered distribution architecture — Clearing Member, ISA Direct, ISA Direct Light Licence Holder, Clearing Agent, and Client — that channels access from large dealer banks to buy-side asset managers, hedge funds, and trading firms.
Eurex Clearing's revenue model is built on three streams: per-transaction clearing and transaction fees across listed, OTC, and repo products; recurring membership and admission fees across tiers; and technology/connectivity charges including AMQP trade entry and margin calculator access. Pricing is not publicly disclosed and is negotiated bilaterally with members. Primary customers are commercial, investment, and universal banks — with named members including J.P. Morgan, Deutsche Bank, and a coalition of 12 major banks executing PLN IRS clearing — supplemented by asset managers, buy-side firms, prop trading firms, and brokers. Distribution is enterprise field-sales driven, supplemented by technology integrations such as the NinjaTrader partnership for electronic market access, and the company is operationally expanding under Laura Bayley, appointed CEO effective June 1, 2026, with new product launches in Credit Index Futures and cross-margining repos-derivatives underway in 2026.
Eurex Clearing AG firmographics
Firmographics- Name
- Eurex Clearing AG
- Legal name
- Eurex Clearing AG
- Website
- https://eurexclearing.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Eurex Clearing AG is the leading European central counterparty (CCP) and clearing arm of Deutsche Börse Group, providing multilateral clearing for Euro-denominated listed derivatives, OTC interest rate swaps, repo, and securities to global banks, asset managers, and trading firms under EMIR 3.0.
- Ownership category
- akta.pro rank
Eurex Clearing AG industry classification
Industry- Product category
- Central Counterparty Clearing Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Commodities / Energy Clearing CCPs (FSAFAFAF)
Keywords
Where Eurex Clearing AG is headquartered
LocationHeadquarters
- HQ city
- Eschborn
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Eurex Clearing AG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Clearing and Transaction Fees: Revenue generated from clearing transactions across listed derivatives, OTC derivatives, and repo markets. Fees are charged per transaction based on product type and volume.
- Membership Fees: Annual and admission fees from clearing members, ISA Direct members, and other membership categories with varying tiers and requirements
- Technology and Connectivity Services: Fees for connectivity interfaces, margin calculator access, and AMQP-based trade entry services for members
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Eurex Clearing AG product offering
Product offeringCore offering
Eurex Clearing AG operates as a European central counterparty (CCP) providing clearing services across listed derivatives (futures and options on interest rates, equity indices, dividends, FX, and commodities), OTC interest rate derivatives (IRS, inflation swaps), repo transactions, and securities on the Deutsche Börse Cash Market. It is the leading European CCP for Euro-denominated derivatives and operates as the clearing arm of Deutsche Börse Group, offering membership-based access with multiple tiers and providing risk management, cross-margining, and default fund services.
Product overview
Eurex Clearing AG operates a modular clearing platform with multiple interconnected core products: EurexOTC Clear for OTC derivatives (interest rate swaps, inflation swaps), Eurex Listed for listed futures and options, Eurex Repo for repo clearing, and Deutsche Börse Cash Market for equities. These core clearing services are supported by risk management infrastructure including Eurex Clearing Prisma (cross-product margining), RBM Calculator, and ESG Clearing Compass. The C7 technology platform provides the underlying technology stack, while LSOC enables client asset protection. Additional services include CCP Switch for portfolio migration, Compression Service for trade compression, and Cross-Margining for risk offset. The portfolio architecture follows a hub-and-spoke model where the core clearing engines share risk management through Prisma while supporting distinct product categories.
Differentiator
Problem solved
Functional benefit
Brands
- EurexOTC Clear: OTC derivatives clearing services including interest rate swaps, inflation swaps, and credit index derivatives
- C7
- Eurex Clearing Prisma
- LSOC
Products and services
- EurexOTC Clear Central clearing service for OTC interest rate derivatives including Interest Rate Swaps and Inflation Swaps, supporting the full trade lifecycle (onboarding, settlement pricing, product scope, and compression). Designed for clearing members, ISA Direct members, and clients subject to EMIR 3.0 Active Account Requirements.
- Eurex Listed (Eurex Exchange) Clearing Listed derivatives clearing service covering futures and options across interest rates, equity indices, dividends, FX, and commodities traded on Eurex Exchange. Available to clearing members, ISA Direct members, and clients.
- Eurex Repo
Quantifiable outcome
- Reduced costs of centrally cleared repos through cross-margining integration with PRISMA
Companies that use Eurex Clearing AG
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Eurex Clearing AG technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Eurex Clearing AG partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, flagship and minor.
- NinjaTradercoreNinjaTrader has integrated Eurex derivatives into their trading platform, enabling European traders to access Eurex markets through the NinjaTrader interface. This partnership provides electronic trading connectivity for Eurex-listed derivatives.
- Deutsche Börse GroupflagshipEurex Clearing is a wholly-owned subsidiary of Deutsche Börse Group, operating alongside sister companies including Eurex Exchange, Eurex Repo, EEX, 360T, Xetra, Börse Frankfurt, Clearstream, STOXX, SimCorp, ISS STOXX, and Crypto Finance. The group provides integrated market infrastructure across trading, clearing, settlement, and data services.
- 12 Major Banks (Polish Zloty Clearing)core12 leading banks are already executing Polish Zloty interest rate swap trades at Eurex Clearing, establishing liquidity in the PLN IRS clearing market in response to EMIR 3.0 requirements.
- J.P. MorgancoreJ.P. Morgan participates as a key partner in Eurex Clearing's Credit Index Futures market, with Alessia Frontalini providing partner perspectives on the product.
- ICE Clear NetherlandsminorICE (Intercontinental Exchange) has applied to the Dutch central bank to offer Euro-denominated short-term interest rate futures and options clearing services through ICE Clear Netherlands, competing with Eurex Clearing for European clearing volumes ahead of the EMIR 3.0 AAR deadline.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Eurex Clearing AG competitors and assessment
Company assessmentBroad incumbents
- DTCC (Fixed Income Clearing Corporation):
- CME Group: Operates a major US-based derivatives clearing house with global reach across interest rate, equity, FX, and commodity derivatives; competing CCP for cross-border clearing volumes and benchmark products.
Regional players
- Nasdaq Clearing: Nordic-based CCP clearing securities, derivatives, and commodities across the Nordics and broader Europe; comparable CCP services focused on regional equities and fixed income clearing.
- BME Clearing (Bolsas y Mercados Españoles): Spanish CCP clearing derivatives and securities for the Iberian market; operates under EMIR as a qualifying European CCP competing for regional clearing volumes.
Direct peers
- SIX x-clear (SIX Group): Swiss CCP clearing listed securities and derivatives, and the prior employer of incoming Eurex Clearing CEO Laura Bayley; competes directly in European securities clearing and adjacent derivatives.
- LCH (LSEG): Operated by London Stock Exchange Group, LCH is the dominant global clearing house for OTC interest rate derivatives (SwapClear) and repo (RepoClear), and the most direct competitor to Eurex Clearing in Euro-denominated and global derivatives clearing.
- ICE Clear Europe: ICE's European CCP clearing energy, agricultural, and financial derivatives; ICE Clear Netherlands has applied to extend into Euro-denominated STIR clearing, directly challenging Eurex Clearing's European franchise ahead of the EMIR 3.0 AAR deadline.
Emerging players
- KDPW_CCP (KDPW Group): Polish CCP clearing interest rate derivatives and securities; competes with Eurex Clearing for PLN-denominated IRS clearing in Poland following EMIR 3.0 requirements.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Eurex Clearing AG social profiles
Digital presenceEurex Clearing AG compliance and trust
Trust signalCompliance7 records
Eurex Clearing AG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eurex Clearing AG leadership team
Management profileNumber of profiles
Profiles1 record
Eurex Clearing AG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eurex Clearing AG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eurex Clearing AG
What does Eurex Clearing AG do?
Eurex Clearing AG operates as a European central counterparty (CCP) providing clearing services across listed derivatives (futures and options on interest rates, equity indices, dividends, FX, and commodities), OTC interest rate derivatives (IRS, inflation swaps), repo transactions, and securities on the Deutsche Börse Cash Market. It is the leading European CCP for Euro-denominated derivatives and operates as the clearing arm of Deutsche Börse Group, offering membership-based access with multiple tiers and providing risk management, cross-margining, and default fund services.
Is Eurex Clearing AG a public or private company?
Eurex Clearing AG is a private company. It is classified as corporate owned and is currently operating.
When was Eurex Clearing AG founded?
Eurex Clearing AG was founded in 1998. It employs 501 to 1,000 people.
Where is Eurex Clearing AG based?
Eurex Clearing AG is headquartered in Eschborn, Germany, in the Europe region.
How does Eurex Clearing AG make money?
Three revenue lines are on record. Clearing and Transaction Fees are the primary driver. The others are membership Fees and technology and Connectivity Services.
Who are Eurex Clearing AG's main competitors?
Broad incumbents on record are DTCC (Fixed Income Clearing Corporation) and CME Group. Regional players are Nasdaq Clearing and BME Clearing (Bolsas y Mercados Españoles). Direct peers are SIX x-clear (SIX Group), LCH (LSEG) and ICE Clear Europe. KDPW_CCP (KDPW Group) is listed as an emerging player.
Does Eurex Clearing AG have an API?
No public API is recorded for Eurex Clearing AG.
What industry is Eurex Clearing AG in?
Eurex Clearing AG's product category is Central Counterparty Clearing Services. Its primary akta.pro industry code is FSAFAFAF, Commodities / Energy Clearing CCPs. Its NAICS code is 522320 and its SIC code is 6211.