Sucden Financial Becomes Eurex Liquidity Provider

Sucden Financial has registered as a Eurex Liquidity Provider, expanding its role beyond its existing membership at the derivatives exchange, the company has announced today.

The firm is now electronically providing liquidity to the long end of the Euro rates curve for options on Buxl, Bund, Bobl, and Schatz contracts. This development builds on Sucden Financial's existing market-making activities for ICE Futures Europe's short-term interest rate (STIR) options, a role it has held since 2022.

"We're excited to become electronic liquidity providers on Eurex, one of the world's most important derivatives exchanges. This is a positive step in the development of our business and enables us to build on our existing market-making on ICE Futures Europe's STIR options," said Douglas Porter, Interest Rate Option Trader at Sucden Financial.

Eurex operates as one of the world's leading derivatives exchanges, offering international benchmark products and maintaining some of the most liquid fixed-income markets globally.

Marc Bailey, Chief Executive Officer at Sucden Financial, commented: "Since entering the interest options rate market in 2022, our team has delivered solid results, giving us the confidence to expand our offer and build upon the significant experience we have developed. We continue to look for organic growth opportunities in new markets where we are able to deploy our existing infrastructure and extensive networks."

Lee Bartholomew, Global Head of FIC ETD Product Design at Eurex, added: "In an increasingly volatile world, we believe our fixed income options are a valuable tool for investors to manage exposures and express views. Sucden Financial joining our market-making community will help increase liquidity and price discovery in the segment."

Sucden Financial has operated in financial markets for over 50 years, having been established in 1973. While supported by its parent company Sucden, a soft commodity trading group, it maintains independence in its daily trading operations. The company is authorised and regulated by the UK's Financial Conduct Authority.