Eurex Bonds - The Trading Platform for European Bonds

Organizational Structure
Eurex Bonds GmbH was founded in October 2000, as a joint initiative of Eurex Frankfurt AG and leading financial institutions. It is a private-law joint venture with the purpose of establishing and operating an electronic platform for bond and basis trading in debt securities.
 
Eurex Bonds GmbH offers strong benefits for trading fixed income securities and treasury discount papers, perfectly complementing the range of Eurex’ products and services.
Participants in Eurex Bonds benefit from a leading electronic trading platform for off-exchange, wholesale trading in fixed income securities and treasury discount papers. A unique feature of the Eurex Bonds trading platform is the direct link between the cash and futures markets: This enables electronic basis trading via a central order book. Necessary liquidity in the bond and basis trading markets is provided by Market Makers.

Eurex Clearing AG provides the central counterparty (CCP) between buyers and sellers on Eurex Bonds, thus safeguarding anonymity in trading and settlement.
Netting opportunities with positions of Eurex Repo and Eurex Derivatives arise through the CCP. In addition to centralized cross-border risk management, market participants benefit from a reduction in margin requirements thanks to the joint assessment of cash and derivative positions (cross margining). The major advantage of Eurex Bonds for all market participants is the straight-through processing, which integrates trading, clearing and settlement for cash securities and derivatives on a single platform.