Flow Traders enters Eurex FX derivatives as new liquidity provider

Eurex, the European derivatives exchange owned by Deutsche Börse Group, has welcomed Flow Traders as FX liquidity providers for the Eurex FX Futures products.

The addition of the Dutch-based financial technology company further deepens liquidity available to investors throughout the whole range of monthly and quarterly deliverable FX Futures as well as in the non-deliverable Rolling Spot Futures.

Robbert Sijbrandij, Head of FX at Flow Traders, commented:

“As a specialist liquidity provider focused on exchange-traded products (ETPs), we welcome the FX Futures offering from Eurex, which broadens the reach and potential of listed currencies globally. We believe Eurex Rolling Spot FX Futures will be a great addition to our FX portfolio. Going forward Flow Traders will provide liquidity in all Eurex FX Futures on a continuous basis. We look forward to working with Eurex on this.”

 Carlo Kölzer, CEO of 360T Group and Global Head of FX at Deutsche Börse Group, said:

“Flow Traders joining the panel of liquidity providers for our FX Futures products is already increasing the number of points in the day through Asian, European, U.S. hours that we offer tighter spreads than other FX exchange offerings. With access to our FX Futures now available through 360T, there are many buy-side eyes on the products, so deeper liquidity is obviously going to continue the swell of buy-side participants agreeing that Futures are a viable additional pool of liquidity for their FX business”.

Available on the exchange, Eurex FX Futures can be traded by market participants onscreen as well as over-the-counter on the 360T trading platform.

In October, Eurex Clearing expanded its Partnership Program to cover the repo and OTC foreign exchange (OTC FX) segments, complementary to the OTC interest rate derivatives segment, which started in January 2018. For the repo segment, the aim of the program is to increase choice and efficiency for market participants in Special Repo and General Collateral instruments and to foster adoption and growth in the dealer-to-client repo business.
The new FX segment of the Partnership Program is designed to deliver the benefits of clearing to OTC FX markets, which are still largely uncleared today. Eurex Clearing is currently working with market participants to be the first major clearinghouse to offer a comprehensive cross currency swap clearing service.
In late September, Flow Traders has gone live with Corvil’s Intelligence Hub to streamline compliance with Order to Transaction Ratio (OTR) requirements. The company is a leading global technology-enabled liquidity provider specialized in Exchange Traded Products (ETPs)