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“It’s important to offer accessibility during the original Asian trading hours”

Release date: 06 Jul 2018 | Eurex Exchange

“It’s important to offer accessibility during the original Asian trading hours”

MarketVoice, FIA’s Magazine of the Global Futures, Options and Cleared Swaps Markets, has looked into our plans to extend Eurex' trading hours. Our deputy CEO Michael Peters shared the reasoning behind the project with the association.

We will extend the trading and clearing hours to provide our customers in the Asia-Pacific region with access to some Eurex' products. MarketVoice, FIA’s Magazine of the Global Futures, Options and Cleared Swaps Markets, discussed these plans with our deputy CEO Michael Peters and our clients.

Customers “told us they would really be interested to use the appropriate hedging instruments in order to hedge their Euro-denominated portfolios,” Peters told MarketVoice. Ian Nissen, APAC Head of Futures, Clearing and Collateral at Citigroup, described the move as well worth any short-term inconveniences. “It’s a very timely and sensible move by Eurex. Like any new market initiative, it may take a while for this to get traction, but there’s a lot of potential demand,” Nissen said. “Many of our customers in the APAC region are already accustomed to trading in the U.S. markets more or less around the clock, so this should open up more opportunities for cross market trading.”

Please read the full article here.