FIA Tech and Eurex form strategic data partnership for Foreign Security Futures

London/ New York, 14 December 2023 — FIA Tech, a leading futures industry technology provider, today announced that it has formed a strategic data partnership with global derivatives exchange Eurex. Eurex will begin using FIA Tech’s Foreign Security Futures (FSF) data service to evaluate FSF eligibilities effective 31 December 2023 and Eurex will join the Databank Network.

FIA Tech has offered Foreign Security Futures, an analytic service to help firms and investors navigate complex regulations governing the trading of non-US index derivatives, since 2021.

Due to the regulatory requirements of the joint SEC/CFTC jurisdiction over non-US index futures, the classification of indices as “narrow based” or “broad based” drives whether and how products can be traded by US clients. In order to ensure that firms remain compliant with regulations, clearing firms, buy side firms and exchanges must be able to monitor the regulatory classification of index futures on a continuous basis. In the past few years, index futures with significant global volume have incurred classification changes, which unexpectedly required many US clients to offload positions and cease trading the products.

Rachna Mathur, Head of Equities Americas at Eurex, said: “We are very pleased to partner with FIA Tech and leverage their analytics to offer eligible Foreign Security Futures Products (FSFPs) to eligible US clients. FIA Tech’s reputable expertise and network in the derivatives industry complements our strategy to increase product distribution and make Eurex more accessible to clients.”

Andrew Castello, Head of Client Operations, FIA Tech, said: “With the integration of our cutting-edge Foreign Security Futures trade eligibility analytics and Eurex’s expertise in futures, we will usher in a new level of precision in security futures compliance. Eurex is one of the largest equity derivative exchanges in the world and they will join the Databank Network as a consumer of FSF analysis and will be using it to measure their own products for the industry. This alliance signifies a pivotal convergence of innovation and experience that could shape the future landscape of compliance.”

About FIA Tech

FIA Tech is the leading technology provider to the exchange traded derivatives industry. Owned by a consortium of eleven leading clearing firms and the Futures Industry Association (FIA), FIA Tech is committed to serving the industry and launching innovative solutions to improve market infrastructure across the listed and cleared derivatives industry. FIA Tech works in close partnership with the broader industry, including exchanges, clearinghouses, clearing firms and other intermediaries, as well as independent software vendors, buyside firms and end users to bring efficiency to the exchange traded and cleared derivatives industry.

About Eurex

Eurex stands for the leading European derivatives exchange and – with Eurex Clearing – one of the leading central counterparties globally. Being architects of trusted markets characterized by market liquidity, efficiency, and integrity, Eurex provides its customers with innovative solutions to seamlessly manage risk.

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