Who is behind EuroFX^®?

The central institutions of the German savings banks and cooperative banks decided towards the end of 1998, to determine foreign exchange reference rates for the major currencies. With consumer protection in mind it was decided to fix the reference rates on an electronic platform developed with, and supported by the news agency REUTERS. The group of founding banks would welcome new members. Participation is not limited to German institutions. Clearly defined quality and credit requirements are prerequisites for membership. In addition, each member commits itself to the settlement of fixing orders on the basis of EuroFX.