Eurex welcomes Goldman Sachs as a member of its listed FX Futures business, both as a trading and clearing member, by offering liquidity for off-book transactions.
Through this arrangement, Goldman Sachs highlights the ability to maintain a bilateral trading relationship to access OTC liquidity whilst benefiting from a fully cleared FX contract. This allows market participants to swap OTC trades into exchange-traded and centrally cleared contracts.
Jens Quiram, global head of FIC Derivatives & Repo Sales, at Eurex, says: "Goldman Sachs’ engagement both as clearing member and liquidity provider will enable even more clients to benefit from listed FX liquidity at Eurex. This is another major milestone on our way to expand Europe’s leading listed FX liquidity hub.”
Joseph Nehorai, global co-head of Futures, at Goldman Sachs, comments: “With block trades and EFPs, we can offer access to OTC liquidity while transacting in a listed instrument. Increasing funding and capital costs evolving in FX markets are leading to a growing appetite to move towards listed FX derivatives. This enables the buy-side community to enjoy the advantages of OTC trading and centrally cleared derivatives.”
