Deutsche Bank has started a new clearing service unit to prepare itself before regulatory changes take effect, Financial Times reports. Markets Clearing will assist listed execution and prime clearing services across all asset classes, including interest rates, foreign exchange, commodities, credit and equities. The new unit will be managed by Jon Hitchon, who is currently co-head of global prime finance. The service will be implemented with asset management clients, including large institutional clients, insurance companies and global hedge funds, adds The Wall Street Journal.

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