Eurex Clearing Recognised With Top Honour at WFEClear Innovation Awards; NSE Clearing Named Runner-Up

 

PRESS RELEASE

Eurex Clearing Recognised With Top Honour at WFEClear Innovation Awards; NSE Clearing Named Runner-Up 

London, 12 May 2026 – The World Federation of Exchanges (WFE) has announced the winners of the WFEClear Innovation Awards, presented during WFEClear in Toronto last month. Hosted by TMX Group, the WFE’s annual clearing and derivatives conference brought together clearing houses, regulators and market participants to discuss developments in central counterparty, post-trade and market infrastructure. 

Eurex Clearing, part of Deutsche Börse Group, received the top award for its “Reinventing Collateral Mobilisation” initiative, the first DLT-enabled collateral mobilisation service introduced at a central counterparty. The service addresses the challenge of collateral fragmentation by enabling collateral mobilisation across custody locations in real time, without requiring physical transfer of assets. 

The project was recognised for introducing new technology alongside existing market infrastructure while maintaining legal certainty, regulatory compliance and operational resilience. 

NSE Clearing was named runner-up for its innovative migration of the Indian securities market to a T+1 settlement cycle. Implemented in phases across a complex market structure, the move reduced margin requirements by 50 percent while maintaining settlement stability and improving liquidity. 

Nandini Sukumar, Chief Executive Officer of the World Federation of Exchanges, said: “The entries this year reflected the quality of work taking place across clearing markets to improve efficiency and resilience. Eurex Clearing’s winning project tackled a longstanding challenge in collateral management through the careful introduction of new technology, while NSE demonstrated what best practice is with moving a market to a new chapter even while ensuring resilience.” 

Efthimia Kefalea, Head of Derivatives Clearing Development & Digital Innovation at Eurex Clearing, said: “We are honoured to receive the WFEClear Innovation Award for ‘Reinventing Collateral Mobilisation’. It highlights our focus on delivering practical innovation for our clients. By leveraging distributed ledger technology in a pragmatic way, we enable a more efficient use of collateral across locations, helping our clients optimise liquidity while operating within a secure and resilient clearing framework.” 

Rana Usman, Chief Operations Officer of NSE Clearing, said: “We thank the World Federation of Exchanges for the recognition of our successful migration to T+1 settlement.  We at NSE Clearing are very driven by Innovation and this award recognises our efforts and commitment to innovation, efficiency and risk management in Indian markets and recognises the swift implementation of settlement acceleration while maintaining resilience and operational stability.” 

For more information, please contact:

Oonagh Shiel
Communications Manager
Email: communications@world-exchanges.org

About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents the providers of over 250 pieces of market infrastructure, including standalone CCPs that are not part of exchange groups. Of our members, 39% are in Asia Pacific, 41% in EMEA and 19% in the Americas region. The WFE’s 74 member CCPs and clearing services collectively ensure that risk takers post some USD 1.4 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges are home to over 41,000 listed companies, and the market capitalisation of these entities is over $137 trillion; around $198.5 trillion in trading annually passes through WFE members (at end-2025). 

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back 50 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system. 

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policymakers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system. If you have any further questions, or wish to follow-up on our contribution, the WFE remains at your disposal. ^[1] 

Website: www.world-exchanges.org

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^[1] Our EU Transparency Register number is 973382524675-69

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