German exchange will compete with CME Europe in new FX futures market
Eurex is set to launch foreign exchange derivatives on
Monday, marking the group’s first FX derivatives
and a direct challenge to CME Group, Europe’s sole
currency futures market.
The German exchange has won the backing of three
market-makers and over 50 clients for the physically-settled
The market-makers are understood by FOW to include a Swiss
bank and a London-based proprietary trading business while at
least five firms are said to be joining Eurex specifically to
trade the new contracts.
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