More than FX Futures on a European Exchange
London and Frankfurt – December 3rd, 2018 – ABN AMRO Clearing today has started clearing Eurex FX futures and options for its clients.
ABN AMRO Clearing now provides immediate support for the Classic FX derivative contracts with attributes including monthly and quarterly expiries that are immediately familiar to existing FX derivative users, as well as the innovative Rolling Spot Futures product that is now live.
“Our clients have made our decision to support the Eurex FX exchange traded derivatives offering very easy”, said Michael van Dijk, Global Product Manager FX at ABN AMRO Clearing. “We consistently post over 20% market shares of transactions cleared on most relevant derivatives exchanges globally”.
“The Eurex FX offering of classic FX futures and options in combination with the rolling spot future allows our clients to effectively manage their FX exposures with listed products. Next to our leading role as clearing provider for Exchange traded derivatives, the Eurex proposition is a nice expansion of our OTC FX Prime Brokerage offering and can be efficiently integrated in our sophisticated risk model for the benefit of our clients”.
Carlo Kölzer, CEO of 360T and Global Head of FX at Deutsche Börse Group, said: “ABN AMRO Clearing is a welcome addition and an important partner to Eurex FX’s market as onboarding and trading activity ramps up. ABN AMRO Clearing supports our rationale of giving clients a choice of execution, clearing and settlement models so they can get the right trade done at the right time.”
ABN AMRO Clearing support extends to clients wishing to trade in the exchange orderbook in Europe, and also to makers and takers trading Listed FX alongside OTC FX in 360T, for EURUSD, GBPUSD, AUDUSD, USDCHF, EURCHF, EURGBP, GBPCHF, and NZDUSD.
Operated by Deutsche Börse Group, Eurex offers a broad range of international benchmark products and operate one of the most liquid fixed income markets in the world, featuring open and low-cost electronic access. With market participants connected from 700 locations worldwide, trading volume at Eurex exceeds 1.6 billion contracts a year, making us the market place of choice for the derivatives community worldwide.
About 360T Group
360T is an independent and globally-established trading venue. As Deutsche Börse Group’s FX unit, 360T provides a web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services. Since its inception in 2000, the company has developed and maintained a state-of-the-art multi-bank portal for foreign exchange, cash and money market products and FX/interest rate derivatives.
360T’s secure global transaction network enables clients to trade with greater transparency and enhanced control at every stage of the trading lifecycle. The company also offers licensing of a hosted white labelled trading technology between a scalable group of price-takers and either proprietary price providers or a rich choice of back-to-back liquidity sources. 360T’s buy-side clients are national and multinational corporate treasuries, institutional clients (asset managers, hedge funds, commodity trading advisors), broker/dealers and banks. The company is authorized under German law and regulated by the German Federal Financial Supervisory Authority (BaFin).
Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte. Ltd.), India (ThreeSixty Trading Networks (India) Pvt Ltd) and Dubai (360 Trading Networks LLC).
Further information: www.360t.com