Eurex preps launch of FX options and futures
German derivatives exchange will move into the forex market in October as it aims to compete for volume in listed futures and options
German derivatives exchange Eurex is to move into foreign exchange with the launch of forex options and futures on October 7, a move that will put it into direct competition with CME Group, the leading provider of exchange-traded foreign exchange products.
Eurex, which is a subsidiary of Deutsche Börse in Frankfurt, announced the move in a circular distributed to market participants this week. It will initially launch futures and options based on six currency pairs – euro/dollar, euro/Swiss
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