Societe Generale starts trading Eurex FX futures
19 July 2019 Paris
Image: Shutterstock
Societe Generale has started trading Eurex foreign exchange (FX) futures from clearing to trading.
Eurex FX clients can now also execute bilaterally off-exchange against the bank whenever they need immediate, large scale risk transfers.
Additionally, the clients can now move between over-the-counter (OTC) FX and listed FX using exchange for physical (EFP).
Chris Callander, UK head of FX futures sales and trading and client facilitation at Societe Generale, said: 鈥淲e are very pleased to add a European exchange to our current FX futures product offering.鈥�
鈥淲e look forward to helping clients build and maintain their FX positions at Eurex using our Block futures and EFP capabilities.鈥�
Carlo K枚lzer, CEO of 360T and global head of FX at Deutsche B枚rse Group, commented: 鈥淢any clients have told us a catalyst for their increased use of FX Futures will be a tertiary pool of off-exchange liquidity to complement our strong order book proposition, so we welcome Chris Callander鈥檚 trading desk as a primary off-exchange provider in the FX space.鈥�
鈥淲ith clearing enabling important new trading relationships to be formed without the need for bilateral credit or operational agreements, and off-exchange being the bridge between OTC and listed markets, our clients now have a choice over how to access our FX futures liquidity for any given trade.鈥�
Eurex FX clients can now also execute bilaterally off-exchange against the bank whenever they need immediate, large scale risk transfers.
Additionally, the clients can now move between over-the-counter (OTC) FX and listed FX using exchange for physical (EFP).
Chris Callander, UK head of FX futures sales and trading and client facilitation at Societe Generale, said: 鈥淲e are very pleased to add a European exchange to our current FX futures product offering.鈥�
鈥淲e look forward to helping clients build and maintain their FX positions at Eurex using our Block futures and EFP capabilities.鈥�
Carlo K枚lzer, CEO of 360T and global head of FX at Deutsche B枚rse Group, commented: 鈥淢any clients have told us a catalyst for their increased use of FX Futures will be a tertiary pool of off-exchange liquidity to complement our strong order book proposition, so we welcome Chris Callander鈥檚 trading desk as a primary off-exchange provider in the FX space.鈥�
鈥淲ith clearing enabling important new trading relationships to be formed without the need for bilateral credit or operational agreements, and off-exchange being the bridge between OTC and listed markets, our clients now have a choice over how to access our FX futures liquidity for any given trade.鈥�
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