When did Eurex start? History and Timeline of Eurex Exchange

When did Eurex start?

Eurex Exchange, one of the leading global derivatives exchanges, has a rich history that spans several decades. The exchange was established in 1998 as a result of a merger between the Deutsche Terminbörse (DTB) and the Swiss Options and Financial Futures Exchange (SOFFEX). This strategic merger brought together the expertise and resources of Germany and Switzerland, creating a powerhouse in the world of derivatives trading.

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Before the merger, DTB was founded in 1990 as the first fully electronic futures and options exchange in Germany. It revolutionized the trading industry by introducing electronic trading, eliminating the need for traditional trading floors. SOFFEX, on the other hand, was established in 1988 in Switzerland as a venue for trading options and futures contracts. By joining forces, the two exchanges aimed to leverage their respective strengths and provide market participants with an efficient and liquid trading platform.

Since its inception, Eurex Exchange has continued to grow and evolve. It has expanded its product offerings to include a wide range of futures and options contracts on various asset classes, including equities, fixed income, and commodities. The exchange also introduced innovative trading technologies and services, such as the first global one-stop-shop for trading derivatives and a central counterparty clearing system.

Throughout its history, Eurex Exchange has remained at the forefront of the industry, constantly adapting to the changing needs and demands of market participants. It has established itself as a leading exchange for derivatives trading, providing market participants with a reliable and efficient platform to trade and manage risk.

Today, Eurex Exchange is part of the Eurex Group, which is owned by Deutsche Börse AG and SIX Swiss Exchange. With its strong market position and extensive product offering, Eurex Exchange continues to play a vital role in the global derivatives markets, attracting participants from all over the world.

When did Eurex start?

Eurex Exchange was established on January 1, 1998, following the merger of the German derivatives exchange Deutsche Terminbörse (DTB) and the Swiss Options and Financial Futures Exchange (SOFFEX). This merger created one of the world’s leading derivatives exchanges.

The vision behind the creation of Eurex was to provide market participants with a single, integrated platform to trade a wide range of financial products. By combining the strengths and expertise of both DTB and SOFFEX, Eurex aimed to offer enhanced liquidity, efficiency, and transparency in the derivatives market.

Since its inception, Eurex has grown significantly and expanded its product offerings to include a wide range of futures and options contracts, covering various asset classes such as equities, interest rates, indices, commodities, and more.

Today, Eurex Exchange operates as part of Eurex Group, which is a subsidiary of Deutsche Börse AG. It continues to be a key player in the global derivatives market, providing market participants with innovative trading and hedging solutions.

History of Eurex Exchange

Eurex Exchange is one of the leading derivatives exchanges in the world, offering a wide range of products, including options, futures, and structured products. The exchange was launched on January 1, 1998, as a result of the merger between the Deutsche Terminbörse (DTB) and the Swiss Options and Financial Futures Exchange (SOFFEX).

Before the merger, DTB was established in Germany in 1990 as a fully electronic exchange for trading futures and options. It quickly gained popularity, attracting market participants from around the world. Meanwhile, SOFFEX was formed in Switzerland in 1988 with the goal of developing a financial derivatives market in the country.

The merger of DTB and SOFFEX created Eurex, a new exchange that combined the strengths and expertise of both organizations. The goal was to create a single exchange that would provide market participants with a diverse range of products and services, while also benefiting from economies of scale and synergies.

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Since its inception, Eurex has grown significantly and expanded its product offering. In 2007, the exchange introduced Eurex Bonds, a platform for trading bonds and repo transactions. In 2018, Eurex launched Eurex EnLight, an innovative request-for-quote (RFQ) platform for ETFs and next-generation fixed income products.

Today, Eurex is a global exchange with a strong presence in Europe and a growing international customer base. It continues to innovate and adapt to changing market conditions, offering market participants access to liquid and efficient markets for trading a wide range of derivative products.

Timeline of Eurex Exchange

1996: Eurex is founded as a joint venture between Deutsche Börse AG and SWX Swiss Exchange.

1998: Eurex introduces its first electronic trading system, Eurex Electronic Trading (Eurex ETS).

1999: Eurex launches the first global equity index futures contract, the Dow Jones Euro STOXX 50 futures.

2000: Eurex becomes the world’s largest derivatives exchange by trading volume.

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2001: Eurex launches the first exchange-traded fund (ETF) option in Europe.

2007: Eurex expands its product range with the launch of trading in European corporate bonds.

2010: Eurex introduces the Eurex Clearing Prisma risk system to enhance risk management.

2012: Eurex launches an innovative trading platform for European interest rate swaps, EurexOTC Clear.

2016: Eurex and the Taiwan Futures Exchange (TAIFEX) sign a partnership agreement for the co-listing of index derivatives.

2021: Eurex celebrates its 25th anniversary as one of the leading derivatives exchanges in the world.

FAQ:

What is the history of Eurex Exchange?

Eurex Exchange was established in 1998 as a joint venture between Deutsche Börse AG and SWX Swiss Exchange. It was created to provide a single marketplace for trading and clearing derivatives products in Europe. The exchange started operations on January 1, 1999.

Who are the founders of Eurex Exchange?

Eurex Exchange was founded by Deutsche Börse AG, which operates the Frankfurt Stock Exchange, and SWX Swiss Exchange, which is now part of SIX Swiss Exchange. The two companies came together to establish Eurex as a joint venture in 1998.

What were the key milestones in the history of Eurex Exchange?

Eurex Exchange has achieved several key milestones since its inception. In 1999, it launched the first electronic trading platform for options and futures in Europe. In 2001, it introduced the first pan-European single-stock futures. In 2007, it launched the first exchange-traded fund options. These are just a few examples of the milestones that Eurex has reached over the years.

How has Eurex Exchange grown over the years?

Since its launch in 1999, Eurex Exchange has experienced significant growth. It has expanded its product offering to include a wide range of derivatives products, from equity options and futures to interest rate derivatives and commodities. It has also grown geographically, with participants from around the world accessing its trading platform. Today, Eurex Exchange is one of the leading derivatives exchanges in Europe.