Eurex Adds Ex-Currenex's Chris Soutar to Global FX Sales

Eurex, a global derivatives Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, has augmented its FX business team with the appointment of Chris Soutar to global of foreign exchange (FX) sales.

Soutar joins Eurex after nearly two years with Investec, an international specialist banking and asset management group, where he oversaw the company’s FX sales. Prior to this, he spent four years at State Street’s foreign exchange (FX) business, Currenex, from 2014 to 2017.

With around ten years’ experience working in FX, Chris has also held several senior roles at different financial institutions including FCA-regulated online FX and CFD broker FIXI plc.

At Eurex, Soutar will help unify the FX sales team globally and review its currency product suite as it builds out a full-service FX platform to improve client experience.

Eurex expands FX offering

The Eurex FX offering of classic FX futures and options in combination with the rolling spot future allows traders to manage their FX exposures with listed products.

The pan-European exchange has made efforts over the past year to expand its FX trading business, most recently signing major banks to support their FX futures, from Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term to trading.

Earlier in July, the company has partnered with European asset management firm Union Investment to trade FX on Eurex. Any Eurex FX client can execute bilaterally off-exchange against global banks or move between OTC FX and listed FX using exchange for physical (EFP).

Eurex’s currency trading desk currently offers various FX derivatives products, including FX futures available in 11 currency pairs, all with quotation and tick sizes in-line with existing OTC FX standards.

Eurex has seen a change to its corporate structure in light of a rapidly shifting regulatory climate and market structure. The implementation of MiFID II legislation was particularly relevant for the marketplace group. As one of Europe’s leading derivatives marketplaces, Eurex has had to adapt and shift its structure in light of these new regulations. This has resulted in adapting its existing setup in Switzerland while also bolstering its offering in Asia.