Santander
Asset Administration has expanded its listed FX derivatives enterprise to Eurex,
supported by Banco Santander and Deutsche Financial institution, as a part of a rising development
in direction of centrally cleared FX futures and choices.
Curiosity is
clearly seen within the progress of Eurex’s FX derivatives volumes, which have almost
tripled since 2020, with a 16% improve in Q1 2024 in comparison with Q1 2023.
The Spanish
asset supervisor’s resolution to commerce and clear listed FX derivatives on Eurex
highlights the growing demand for centrally cleared FX futures and choices.
Market members more and more flip to those devices to mitigate
counterparty credit score danger, navigate uncleared margin guidelines (UMR), and optimize
capital prices.
By becoming a member of
Eurex’s FX ecosystem, Santander Asset Administration goals to learn from low
trade charges and regulatory certainty throughout the European Union.
“This
is a good addition on our method to changing into the main FX liquidity hub in
Europe,” stated Jens Quiram, the International Head of FIC Derivatives and Repo Gross sales at
Eurex.
Santander Joins Eurex For Listed FX Enterprise https://t.co/k0X7zUtI3G
— Mondo Visione (@ExchangeNews) Might 22, 2024
Santander
Asset Administration’s growth plans lengthen past FX futures, because the agency additionally
intends to ascertain an FX choices enterprise. In collaboration with Deutsche
Financial institution, Santander Asset Administration has already traded the first-ever FX choices
block commerce on the trade .
“In
addition to our engagement in FX futures we actively collaborate with a number of
FX sellers to discover the buying and selling of FX choices at Eurex,” Imanol Urquizu, the Head
of Derivatives at Santander Asset Administration, added. “Integrating FX futures
and FX choices throughout the Eurex ecosystem unlocks operational efficiencies and
enhances our danger netting capabilities.”
Eurex’s FX Derivatives
Volumes Surge 16% in Q1 2024
Eurex’s FX
derivatives volumes have witnessed seen progress in recent times. In 2023,
over 1.7 million contracts had been traded on the trade, almost tripling the
quantity in comparison with 2020 when 600,000 contracts had been traded. The primary quarter
of 2024 noticed a 16% improve in traded contracts, reaching 586,000 in comparison with
the identical interval in 2023.
“Buying and selling FX
on Eurex permits shoppers to learn from the efficiencies of a listed
derivatives market, and it is a prime instance of how Deutsche Financial institution companions
with shoppers and buying and selling venues to supply liquidity and options within the
evolving FX market,” Mario Muth, the International Head of Platform and Listed
Derivatives Gross sales and Head of Fastened Earnings Market Construction at Deutsche Financial institution,
concluded.
Eurex’s
good efficiency was additionally confirmed in a report from earlier this 12 months when the
derivatives trade confirmed its volumes for January 2024. They’d grown by 6% in comparison with the earlier 12 months.
This 12 months,
Eurex additionally modified its Chief Govt Officer. On the finish of January, Robbert
Booij grew to become the brand new CEO, changing Michael Peters, who had held his place
since July 2020 and plans to retire in September.
Santander
Asset Administration has expanded its listed FX derivatives enterprise to Eurex,
supported by Banco Santander and Deutsche Financial institution, as a part of a rising development
in direction of centrally cleared FX futures and choices.
Curiosity is
clearly seen within the progress of Eurex’s FX derivatives volumes, which have almost
tripled since 2020, with a 16% improve in Q1 2024 in comparison with Q1 2023.
The Spanish
asset supervisor’s resolution to commerce and clear listed FX derivatives on Eurex
highlights the growing demand for centrally cleared FX futures and choices.
Market members more and more flip to those devices to mitigate
counterparty credit score danger, navigate uncleared margin guidelines (UMR), and optimize
capital prices.
By becoming a member of
Eurex’s FX ecosystem, Santander Asset Administration goals to learn from low
trade charges and regulatory certainty throughout the European Union.
“This
is a good addition on our method to changing into the main FX liquidity hub in
Europe,” stated Jens Quiram, the International Head of FIC Derivatives and Repo Gross sales at
Eurex.
Santander Joins Eurex For Listed FX Enterprise https://t.co/k0X7zUtI3G
— Mondo Visione (@ExchangeNews) Might 22, 2024
Santander
Asset Administration’s growth plans lengthen past FX futures, because the agency additionally
intends to ascertain an FX choices enterprise. In collaboration with Deutsche
Financial institution, Santander Asset Administration has already traded the first-ever FX choices
block commerce on the trade .
“In
addition to our engagement in FX futures we actively collaborate with a number of
FX sellers to discover the buying and selling of FX choices at Eurex,” Imanol Urquizu, the Head
of Derivatives at Santander Asset Administration, added. “Integrating FX futures
and FX choices throughout the Eurex ecosystem unlocks operational efficiencies and
enhances our danger netting capabilities.”
Eurex’s FX Derivatives
Volumes Surge 16% in Q1 2024
Eurex’s FX
derivatives volumes have witnessed seen progress in recent times. In 2023,
over 1.7 million contracts had been traded on the trade, almost tripling the
quantity in comparison with 2020 when 600,000 contracts had been traded. The primary quarter
of 2024 noticed a 16% improve in traded contracts, reaching 586,000 in comparison with
the identical interval in 2023.
“Buying and selling FX
on Eurex permits shoppers to learn from the efficiencies of a listed
derivatives market, and it is a prime instance of how Deutsche Financial institution companions
with shoppers and buying and selling venues to supply liquidity and options within the
evolving FX market,” Mario Muth, the International Head of Platform and Listed
Derivatives Gross sales and Head of Fastened Earnings Market Construction at Deutsche Financial institution,
concluded.
Eurex’s
good efficiency was additionally confirmed in a report from earlier this 12 months when the
derivatives trade confirmed its volumes for January 2024. They’d grown by 6% in comparison with the earlier 12 months.
This 12 months,
Eurex additionally modified its Chief Govt Officer. On the finish of January, Robbert
Booij grew to become the brand new CEO, changing Michael Peters, who had held his place
since July 2020 and plans to retire in September.
