Cornering the counterparty risk with Eurex

This week started with volatilities dropping to new lows, but thanks to the Irish banking crisis we’ve seen some action after all. Perhaps this turmoil on the green island will reignite the European debt crisis again, with returning panic and failing banks. Could save the year for a lot of market makers.

With the possibility of failing Irish banks in mind, the German derivative exchange Eurex has a remarkable timing. Coming Thursday, november 18th, they will host a workshop on their Wholesale Facilities in Amsterdam. To be more specific, they will focus on clearing over-the-counter transactions through their central counterparty system (CCP). The trend to clearing through CCP is unmistakably there, Eurex Clearing alone registered 650 million contracts so far.

In addition, some attention will be payed to changes in trading flexible contracts. And don’t underestimate the importance of chattering up with your competitors. With a few beers. Thurday after market close in NH Barbizon Palace, near Amsterdam Central Station. Contact Eurex for details and registration.