Eurex, the leading European derivatives exchange and part of Deutsche Börse Group, welcomes Goldman Sachs as a new member of its listed FX Futures business. As leading participant in the global FX markets, Goldman Sachs is supporting an essential number of market players seeking to move their FX business to Eurex. This is another major milestone in Eurex’s ambition to build out its listed FX liquidity hub in Europe.
Goldman Sachs is joining the FX business at Eurex both as a trading and clearing member and by offering liquidity for off-book transactions. The ability to maintain a bilateral trading relationship to access OTC liquidity whilst benefiting from a fully cleared FX contract is increasingly identified as a key instrument. This allows market participants to swap OTC trades into exchange-traded and centrally cleared contracts, thus removing uncleared exposure, and optimizing capital allocation.
Jens Quiram, Global Head of FIC Derivatives & Repo Sales, Eurex: "We are delighted to see Goldman Sachs offering their global client base access to our listed FX derivatives suite. Goldman Sachs’ engagement both as clearing member and liquidity provider will enable even more clients to benefit from listed FX liquidity at Eurex. This is another major milestone on our way to expand Europe’s leading listed FX liquidity hub.”
Joseph Nehorai, Global Co-Head of Futures, Goldman Sachs: “With block trades and EFPs, we can offer access to OTC liquidity while transacting in a listed instrument. Increasing funding and capital costs evolving in FX markets are leading to a growing appetite to move towards listed FX derivatives. This enables the buy-side community to enjoy the advantages of OTC trading and centrally cleared derivatives.”
Media contact:
Irmgard Thiessen
+49-69-211-15911
irmgard.thiessen@deutsche-boerse.com
Fabian Vichtl
+49-69-211-16595
fabian.vichtl@deutsche-boerse.com
About Eurex
Eurex is the leading European derivatives exchange and – with Eurex Clearing – one of the leading central counterparties globally. As architects of trusted markets characterized by market liquidity, efficiency, and integrity, we provide our customers with innovative solutions to seamlessly manage risk.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.