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FX Futures and FX Clearing

360T is your single gateway to access OTC and Listed FX.

OTC or Listed FX – it’s your choice. Whether you are already using exchange-traded FX or you are just starting to consider it, 360T offers you the tools to access the full range of Eurex FX Futures directly from your 360T trading environment.

FX Clearing can provide significant cost-efficiencies compared to bilateral FX OTC trades. Under Basel III bilateral OTC FX derivatives trades have higher risk weighting and CVA charges than cleared, which will increasingly influence the spread you face as counterparts start favouring the credit neutral pricing potential for cleared flow. The 360T platform gives you the ability to decide when you need to use FX clearing – either using OTC FX Clearing services, or via access to a full range of FX Futures products.

360T sets out the new FX Futures liquidity proposition that removes typical liquidity and access barriers to the use of Futures.

By David Holcombe
Product Lead for FX Futures and Clearing

Rolling Spot Futures give you futurized cleared spot liquidity with an automatic roll, all of which you can trade ON or OFF exchange through 360T.

By David Holcombe
Product Lead for FX Futures and Clearing

David Holcombe runs through the execution models and available tools for clients and liquidity providers to benefit of using the cleared FX Futures market.

By David Holcombe
Product Lead for FX Futures and Clearing

When accessing the Eurex order book directly from 360T, you have the option of using the Classic FX Futures with monthly and quarterly deliveries, or using the innovative Rolling Spot Futures contract. For those times you want to use Futures, but you still want to bilaterally face a panel of Liquidity Providers in a disclosed model, you can use your 360T request for quote and streaming mechanisms for this.

For more information, please contact futuresandclearing@360t.com.

Key Points at a Glance

  • 360T lets you access the OTC and Listed FX markets, side by side.
  • Eurex FX Futures are available in 360T round the clock from Sunday through to Friday NY close.
  • Interacting with Eurex Futures order book via 360T means your orders route directly into the market to face all other market participants. This breadth of access does not require you to form and maintain individual ISDA or trading agreements with each participant.
  • Trading Futures in the order book via 360T means you trade anonymously – in a fully undisclosed model end-to-end through pre-trade, execution, and posttrade.
  • You will need to have a clearing relationship with a Eurex clearing member in order to use this functionality in 360T. If you do not already have a clearing relationship, please ask us to introduce you.
  • As part of the Deutsche Börse Group, the Eurex Exchange is your European exchange with global reach.
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