There were some questions about whether or not they would actually be launched. But the listing by Eurex US of currency futures might ultimately prove far more significant than the arrival of just another service provider in what is becoming an increasingly crowded FX market.
Doubts about the commitment of the Swiss-German Eurex derivatives exchange to its US subsidiary rumbled through almost to the point of the FX contracts’ launch. But ultimately, the capability of Eurex US to provide near 24-hour trading earned a stay of execution as listing the FX contracts in Frankfurt was not a viable alternative due to the latter’s restricted operating hours.
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