Santander Asset Administration joins Eurex for listed FX enterprise

Eurex has welcomed Santander Asset Administration as a world participant in its listed FX section.

Imanol Urquizu

The Spanish asset supervisor has begun to broaden its FX futures enterprise to Eurex, supported by Banco Santander as clearing member and Deutsche Financial institution as liquidity supplier.

The transfer from Santander Asset Administration emphasises the rising pattern in direction of listed FX enterprise, during which market contributors are utilising listed FX derivatives to hedge their portfolio efficiency.

“By now buying and selling and clearing listed FX derivatives on Eurex, Santander Asset Administration advantages from low alternate charges and regulatory certainty inside the EU,” stated Jens Quiram, world head mounted earnings and currencies (FIC) derivatives and repo gross sales at Eurex.

As well as, Santander has said plans to ascertain FX choices enterprise at Eurex. Backed by Deutsche Financial institution, the asset supervisor traded the primary FX choices block commerce ever at Eurex.

“Along with our engagement in FX futures we actively collaborate with a number of FX sellers to discover the buying and selling of FX choices at Eurex,” stated Imanol Urquizu, head of derivatives at Santander Asset Administration.

“Integrating FX futures and FX choices inside the Eurex ecosystem unlocks operational efficiencies and enhances our threat netting capabilities.”

Mario Muth, world head of platform and listed derivatives gross sales and head of mounted earnings market construction at Deutsche Financial institution, added: “Buying and selling FX on Eurex allows purchasers to profit from the efficiencies of a listed derivatives market, and it is a prime instance of how Deutsche Financial institution companions with purchasers and buying and selling venues to offer liquidity and options within the evolving FX market.”