Deutsche merges OTC and listed derivatives clearing
Deutsche Bank has merged its over-the-counter and listed derivatives clearing businesses, creating a new group dedicated to providing listed execution and prime clearing services across all asset classes. The move is in response to demand for integrated OTC and listed clearing solutions across multiple asset classes to meet mandatory clearing requirements, according to Deutsche.
The new unit, known as Markets Clearing, will be led by New York-based Jon Hitchon, most recently co-head of the
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