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ABN AMRO Clearing today has started clearing Eurex FX futures and options for its clients.
ABN AMRO Clearing now provides immediate support for the Classic FX derivative contracts with attributes including monthly and quarterly expiries that are immediately familiar to existing FX derivative users, as well as the innovative Rolling Spot Futures product that is now live.
“Our clients have made our decision to support the Eurex FX exchange traded derivatives offering very easy,” said Michael van Dijk, Global Product Manager FX at ABN AMRO Clearing. “We consistently post over 20 percent market shares of transactions cleared on most relevant derivatives exchanges globally.”
“The Eurex FX offering of classic FX futures and options in combination with the rolling spot future allows our clients to effectively manage their FX exposures with listed products. Next to our leading role as clearing provider for exchange traded derivatives, the Eurex proposition is a nice expansion of our OTC FX Prime Brokerage offering and can be efficiently integrated in our sophisticated risk model for the benefit of our clients.”
Carlo Kölzer, CEO of 360T and Global Head of FX at Deutsche Börse Group, said: “ABN AMRO Clearing is a welcome addition and an important partner to Eurex FX’s market as onboarding and trading activity ramps up. ABN AMRO Clearing supports our rationale of giving clients a choice of execution, clearing and settlement models so they can get the right trade done at the right time.”
ABN AMRO Clearing support extends to clients wishing to trade in the exchange orderbook in Europe, and also to makers and takers trading Listed FX alongside OTC FX in 360T, for EURUSD, GBPUSD, AUDUSD, USDCHF, EURCHF, EURGBP, GBPCHF, and NZDUSD.
