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

With around 10 years’ experience working in FX, Chris held several roles at different brokers including FIXI plc.

Eurex, a global derivatives exchange, 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.

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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.

Chris Soutar
Chris Soutar

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.

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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 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.

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