Deutsche Börse has more than doubled revenues from clearing over-the-counter derivatives, a key front in the German exchange's battle to win business from London after Brexit.

In its third-quarter earnings released late on Monday, Deutsche Börse said revenues generated from OTC clearing — a new business for the group — rose 123% year on year to €6.7m. Its Eurex business cleared a notional value of €4.3tn in the three months ending September 30, up from €315.9bn.