Santander Joins Eurex: Boosting Listed FX Trading with New Opportunities for Bitcoin (BTC) and Ethereum (ETH)

  • Santander Asset Management Europe has expanded its FX futures business to Eurex.
  • This move is supported by Banco Santander as Clearing Member and Deutsche Bank as liquidity provider.
  • “Integrating FX futures and FX options within the Eurex ecosystem unlocks operational efficiencies and enhances our risk netting capabilities.”

Santander Asset Management expands its FX futures business to Eurex, aiming to leverage operational efficiencies and enhanced risk netting capabilities.

Eurex wants to be the leading FX liquidity hub in Europe

Eurex has processed over 1.7 million contracts in 2023, nearly three times compared to 2020 when a total of 600k contracts were traded. In Q1 2024, the number of traded contracts reached 586,000, up by 16% YoY. Jens Quiram, Global Head FIC Derivatives and Repo Sales at Eurex, commented on the significance of Santander Asset Management joining Eurex, emphasizing the benefits of low exchange fees and regulatory certainty within the EU.

Benefits of Trading FX on Eurex

Trading FX on Eurex provides market participants with several advantages, including the mitigation of counterparty credit risk, navigation of uncleared margin rules (UMR), and optimization of capital costs. The collaboration between Santander Asset Management and Deutsche Bank aims to deliver these efficiencies to clients, showcasing how partnerships in the evolving FX market can provide liquidity and innovative solutions.

Conclusion

Santander Asset Management’s expansion into Eurex marks a significant development in the listed FX trading landscape. By leveraging the operational efficiencies and enhanced risk netting capabilities offered by Eurex, Santander aims to optimize its FX futures and options trading. This move underscores the growing trend towards listed FX derivatives as a strategic tool for hedging portfolio performance and managing regulatory challenges.

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