Now available - trade and clear cash-settled FX Futures on emerging markets currencies: BRL/USD, MXN/USD, MXN/EUR, ZAR/USD, ZAR/EUR.
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 all currency pairs for an all-in – i.e., 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).
Trade on the standard T7 trading system five days a week and via Eurex EnLight, our fully integrated RFQ platform. In addition, optionally use your 360T OTC FX platform to execute listed FX Futures.
Like some more FX?
NDF clearing is available for inter-dealer and client trades for six emerging markets currency pairs with cash settlement in USD*.
Daily USD/KRW Futures are available via the Eurex/KRX Link. The contract is fully fungible with the corresponding contract listed at KRX.
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, are required to post initial margin bilaterally with their counterparts.
It is important to note that:
*Note: due to regulatory restrictions, Eurex Clearing AG is currently not able to offer NDF clearing services in the United Kingdom and the U.S. until further notice.