The asset manager has started using the product after seeing an uptick in demand.
European asset management firm Union Investment has started trading Eurex foreign exchange (Forex) futures, the pan-European exchange announced this Wednesday.
Union Investment has decided to adopt the FX futures after seeing an uptick in demand for the product, the statement said. As part of its forex offering, Eurex has monthly and quarterly forex futures as well as rolling spot futures in order to support both the buy and sell-side.
Initially, the asset manager will only trade the forex futures, however, in the future it plans to expand its offering to also include the rolling spot futures, as well as the 360T off-exchange Liquidity pool.
The Eurex forex futures are available in 12 currency pairs - EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, EURCHF, EURGBP, GBPCHF, EURJPY, AUDJPY, EURAUD and NZDUSD
Speaking on the reasoning behind the move, Christoph Hock, Head of Multi-Asset Trading at Union Investment said: “We are now using Eurex FX Futures in our overlay strategies. Eurex gives us access to reliable and growing FX liquidity in an European exchange, where the pricing granularity matches our OTC exposures."
“We have started with the Eurex monthly and quarterly expiries, and intend going forward to make use of the Rolling Spot Futures too, as well as the 360T off-exchange liquidity pool when we need bilateral pricing in size.”
More market participants take on Eurex FX Futures
Today’s announcement comes just days after Societe Generale revealed that it had expanded its FX offering to support trading and clearing of Eurex FX futures for its clients.
As Finance Magnates reported, the move was designed to help drive and foster the French bank’s global forex business, part of a broader shift by the lender in the FX space.
“Union Investment is an important client for us, and this feedback is representative of the typically favourable response we are getting to our family of listed FX products,” added Carlo Kölzer, Global Head of FX at Deutsche Börse Group and CEO of 360T.
“... With key FX market participants on both maker and taker sides finalising their access to Eurex FX Futures, we look forward to further deliver on our ethos of giving clients the right choice of product, execution model, and clearing and settlement model to get their best FX trading outcome.”
European asset management firm Union Investment has started trading Eurex foreign exchange (Forex) futures, the pan-European exchange announced this Wednesday.
Union Investment has decided to adopt the FX futures after seeing an uptick in demand for the product, the statement said. As part of its forex offering, Eurex has monthly and quarterly forex futures as well as rolling spot futures in order to support both the buy and sell-side.
Initially, the asset manager will only trade the forex futures, however, in the future it plans to expand its offering to also include the rolling spot futures, as well as the 360T off-exchange Liquidity pool.
The Eurex forex futures are available in 12 currency pairs - EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, EURCHF, EURGBP, GBPCHF, EURJPY, AUDJPY, EURAUD and NZDUSD
Speaking on the reasoning behind the move, Christoph Hock, Head of Multi-Asset Trading at Union Investment said: “We are now using Eurex FX Futures in our overlay strategies. Eurex gives us access to reliable and growing FX liquidity in an European exchange, where the pricing granularity matches our OTC exposures."
“We have started with the Eurex monthly and quarterly expiries, and intend going forward to make use of the Rolling Spot Futures too, as well as the 360T off-exchange liquidity pool when we need bilateral pricing in size.”
More market participants take on Eurex FX Futures
Today’s announcement comes just days after Societe Generale revealed that it had expanded its FX offering to support trading and clearing of Eurex FX futures for its clients.
As Finance Magnates reported, the move was designed to help drive and foster the French bank’s global forex business, part of a broader shift by the lender in the FX space.
“Union Investment is an important client for us, and this feedback is representative of the typically favourable response we are getting to our family of listed FX products,” added Carlo Kölzer, Global Head of FX at Deutsche Börse Group and CEO of 360T.
“... With key FX market participants on both maker and taker sides finalising their access to Eurex FX Futures, we look forward to further deliver on our ethos of giving clients the right choice of product, execution model, and clearing and settlement model to get their best FX trading outcome.”
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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