Eurex In Dialog To Sell 90 Percent Of Its CDS Venture

Eurex is in advanced talks to sell stakes in its forthcoming credit default swaps clearing house. "We are in advanced dialogue with partners who have clearly articulated to us their decision to take stakes," Andreas Preuss, chief executive officer, told

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Eurex is in advanced talks to sell stakes in its forthcoming credit default swaps clearing house.

“We are in advanced dialogue with partners who have clearly articulated to us their decision to take stakes,” Andreas Preuss, chief executive officer, told Bloomberg in an interview at the Futures Industry Association conference in Boca Raton, Florida.

The firm is willing to sell as much as 90% of its venture to active market participants. Potential partners will be offered options that can be exchanged for shares in return for putting volume through the system.

L.D.

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