Eurex is looking to launch flexible maturity foreign exchange futures in the back half of the year, to tempt more buy-siders into using exchange-traded products as an alternative to bilateral swaps and forwards.
Some dealers believe the products would be the futures world’s best chance to attract buy-side users amid regulatory-driven price rises for over-the-counter FX swaps over the past year.
The German exchange’s FX offering currently includes regular futures, options on FX futures and rolling spot futures. Flexible futures, where users can create their own maturity dates instead of settling on international monetary market (IMM) dates, are available at Eurex in other asset classes such as equity.
But Jens Quiram, global co-head of fixed income and currency derivatives and repo sales at Eurex, said the exchange is looking to…
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