16 Mar 2022


Eurex FX update


Market update – Eurex Listed FX continues to expand

Eurex FX continues building its positioning as Europe's FX liquidity hub of choice. The Q1 volumes and open interest further cement the transition trend from the traditional FX market towards the listed environment. Listed FX allows participants to access firm liquidity pools benefiting from the integrity and safety of an on-exchange centrally cleared marketplace.

FX Futures are well on track for another record quarter. Overall, more than 300,000 contracts were traded by March 10th, representing a YTD growth rate of 104%. With the open interest soaring to €8.1 bn, the average daily volume continues to grow to 6,180 contracts YTD.

Go to the Listed FX derivatives website: Listed FX derivatives (eurex.com)

FX: a market in flux

Eurex sees growing cost pressures, new capital requirements, geographical considerations and a desire for alternative trading mechanisms to drive change within the FX industry.

In this FX Markets article, Jens Quiram, Global Head of FX at Eurex, outlines how the changing nature of FX trading could open up new opportunities for market participants.

Go to the FX article.


FX EFPs: The best of both worlds

Exchange for physicals (EFPs) enable clients to use multiple execution models combining ETD and OTC liquidity pools.

In this article, published first on thetradenews.com, Maximilian Dannheimer, Head of FX Sales at Eurex, and David Holcombe, Head of Product for Listed FX and Clearing at 360T, discuss how buy-side firms are increasingly using EFPs to leverage the benefits of the listed and OTC FX markets.

Read the article.


NDF clearing at Eurex via 360T

Together, Eurex and 360T now offer a unique solution to FX NDF clearing for buy-side participants, providing a dedicated "to-clear" price for cleared NDFs, along with pre-trade clearing certainty and straight-through-processing of trades direct from 360T to Eurex Clearing.

Read more about the benefits of this feature: NDF clearing at Eurex via 360T.

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FX clearing benefits and UMR

In the FX space, besides FX Options, NDFs are the key product as they contribute to the overall AANA calculation. By centrally clearing these in-scope trades, firms remove transactions from their AANA calculation, potentially removing them from the scope of UMR altogether.

This article, published in 360T's FX Spotlight Issue 2/2021, gives an overview of the challenges and benefits associated with central clearing.

360T’s FX Spotlight Issue 2/2021

TradeTech FX Miami

After a two-year pandemic hiatus, Deutsche Börse Group was delighted to lend strong support to the largest US gathering of buy-side heads of FX trading and portfolio management, along with market leaders across the entire forex value chain at TradeTech FX Miami in February.

Top industry professionals discussed the year's trends, networked, and collaborated with North America's leading FX heads.

Participants emphasized that as various factors continue to shape and disrupt the FX landscape, the evolution of centrally cleared FX liquidity pools solves credit, best execution, and UMR challenges.

We look forward to connecting at future in-person events and discussing the best avenues to facilitate trading in your preferred channel.


FX Sales and Business Development

T +49-69-211-1 26 19 or +44-20-7-862-7664


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