Eurex offers FX Futures, Options on FX Futures and Rolling Spot Futures. Our product offering combines best-practice OTC market conventions with the transparency and minimized risk of exchange-traded, centrally cleared derivatives.
Trade twelve currency pairs for an all-in – trading and clearing – member fee of 0.30 USD for on-book and 0.45 USD for off-book transactions (also payable in product currency). All Eurex FX contracts are 100,000 units of the base currency with a minimum price change at 1/10th of a pip (except for JPY pairs). Trade five days a week on the standard T7 trading system and via Eurex EnLight, our fully integrated RFQ platform. In addition, optionally use your 360T OTC FX platform to execute listed FX Futures.
Daily USD/KRW Futures on US Dollar Futures are available from 26 July 2021 via the Eurex/KRX Link. The contract is fully fungible with the corresponding contract listed at KRX. This means that global market participants can continue to trade Korean Won Futures at Eurex during core European and North American trading hours. The contract is available to U.S. market participants. Eurex is the only venue that offers domestic and international investors access to the Korean market outside the Korean trading hours.
The core market model at Eurex is the central limit order book (CLOB), where buy and sell orders are matched on a time allocation basis. In the CLOB model, customers can trade directly with dealers, dealers can trade with other dealers, and importantly, customers can trade directly with other customers, anonymously. Our on-book liquidity providers are available 23 hours, five days a week.
Additionally, Eurex offers block and exchange-for-physical (EFP) functionalities, where transactions are agreed bilaterally and submitted to the exchange. Also, our off-book liquidity providers are available 23 hours, five days a week.
According to the phases 5 and 6 of the uncleared margin rules (UMR) set by the Bank for International Settlements (BIS) and the International Organisation of Securities Commissions (IOSCO), covered entities belonging to a group whose Aggregate month-end Average Notional Amount (AANA) of non-centrally cleared derivatives for March, April, and May of the year exceeds EUR 50 and 8 billion respectively, will be required to post initial margin bilaterally with each of their counterparts.
It is important to note that:
Head of FX ETD Sales
Head of FX ETD Business Development
FX ETD Business Development
UK, Ireland, Netherlands, Nordics, Italy & Spain
+44 207 8 62-73 49