Societe Generale (SG) is now supporting Eurex FX futures, from clearing to trading.
SG’s clients will now be able to trade FX on Eurex, while any of the exchange’s clients will be able to execute bilaterally off-exchange against the bank or to move between OTC FX and listed FX using exchange for physical (EFP).
Chris Callander, UK head of FX futures sales and trading and client facilitation at SG, says: “We are very pleased to add a European exchange to our current FX futures product offering. We look forward to helping clients build and maintain their FX positions at Eurex using our block futures and EFP capabilities.”
Carlo Koelzer, CEO of 360T and global head of FX at Deutsche Boerse Group, comments: “Many clients have told us a catalyst for their increased use of FX futures will be a tertiary pool of off-exchange liquidity to complement our strong order book proposition, so we welcome Chris’ trading desk as a primary off-exchange provider in the FX space. With clearing enabling important new trading relationships to be formed without the need for bilateral credit or operational agreements, and off-exchange being the bridge between OTC and listed markets, our clients now have choice over how to access our FX futures liquidity for any given trade.”
Eurex FX futures are already available in EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF, EUR/CHF, EUR/GBP, GBP/CHF, EUR/JPY, AUD/JPY, EUR/AUD, NZD/USD, all with quotation of the pairs, as well as precision and tick sizes in-line with existing OTC FX standards.