Goldman Sachs is joining the FX business at Eurex both as a trading and clearing member and by offering liquidity for off-book transactions. The ability to maintain a bilateral trading relationship to access OTC liquidity whilst benefiting from a fully cleared FX contract is increasingly identified as a key instrument. This allows market participants to swap OTC trades into exchange-traded and centrally cleared contracts, thus removing uncleared exposure, and optimising capital allocation. Jens Quiram, Global Head of FIC Derivatives & Repo Sales, Eurex: “We are delighted to see Goldman Sachs offering their global client base access to our listed FX derivatives suite. 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.”
