Eurex Adds New Currency Pairs to Its FX Offering

Fazzaco learned that Eurex Exchange, the largest European futures and options market, has added seven new FX Futures on Scandinavian currencies including EUR/NOK, EUR/SEK, EUR/DKK, USD/NOK, USD/SEK, USD/DKK, NOK/SEK to its FX offering. The derivatives trading arm of Eurex continues to develop into a liquidity hub covering major European currencies.

Maximilian Dannheimer, Head of FX ETD Sales at Eurex, commented: "Gaining exposure to Swedish, Danish and Norwegian currencies allows clients to hedge positions and seize unique trading opportunities. The launch of Scandinavian currency futures is a natural evolution to offer transparency and minimize risk by exchange-traded, centrally cleared derivatives in G10 currencies."

In total, Eurex offers now 19 currency pairs including seven pairs on Scandinavian currencies. All Eurex FX contracts are 100,000 units (except for NOK/SEK pair) of the base currency with a minimum price change at 1/10th of a pip. Eurex Listed FX service portfolio can be accessed through the standard T7 trading system or Deutsche Börse's OTC FX platform 360T.

In the middle of November, Eurex and Korea Exchange Inc. (KRX)​ teamed up to expand their tradable product range with Weekly Options on the Korean benchmark index KOSPI 200, and available for traders in the Q1 2022. With weekly expirations on one of the world's most heavily traded index options contracts, the two exchanges are expanding their around-the-clock ecosystem for KOSPI derivatives.