Eurex Exchange

In the 1990s, Europe went through a power shift in its financial sector. London (LIFFE, London Financial Futures Exchange) began to lose dominance in trading German government bonds futures (The Bund) to the Frankfurt-based Deutsche Terminbörse (DTB). This event has come to be known as the ‘Battle of the Bund’.[6] The DTB was one of the world's first electronic exchanges, and by 1997 had distributed its screens across Europe and into the United States. As the DTB was in the midst of a battle to wrench liquidity in the Bund contract away from its chief cross-continental rival, the open outcry operated LIFFE, it began the merger proceedings with SOFFEX (the Swiss Options and Financial Futures Exchange). The shift started gradually but then followed a “tipping point” dynamic that began in early 1998.[7] All of these dynamic changes led in 1998 to the creation of Eurex. Its creation took almost a decade of close cooperation between the DTB and SOFFEX and their parent companies, Deutsche Börse AG and SIX Swiss Exchange to be completed. Eurex was jointly operated by Deutsche Börse and the SIX Swiss Exchange with the German group holding 50 percent of the voting rights and 85 percent of the share capital. This joint leadership lasted until January 2012, when Deutsche Börse acquired the remaining shares in Eurex Zurich AG from SIX Group AG, making Deutsche Börse the sole owner of the pan-European derivatives exchange.

Eurex has nine worldwide representative offices.

The following timeline outlines the consolidation through mergers and acquisitions among bourses in the European Union, which has taken place since the 1990s in response to financial harmonisation and liberalisation. Current, independent (parent) exchange companies are shown in colour.

																																									Intercontinental Exchange, Inc.
							New York Stock Exchange, Inc.																													NYSE Euronext, Inc.
																			London Traded Options Market						London International Financial Futures and Options Exchange					Euronext N.V.
																				London International Financial Futures Exchange
											London Commercial Sale Rooms					London Commodity Exchange
	Amsterdam Exchanges N.V. (Amsterdam Bourse)																																									Euronext N.V.
									Bourse de Valeurs Mobilières de Bruxelles S.A. (Brussels Bourse)
				Société des Bourses Françaises S.A. (Paris Bourse)
					Bolsa de Valores de Lisboa e Porto (Lisbon Bourse)
								Irish Stock Exchange
											Oslo Stock Exchange																			Oslo Børs Holding ASA							Oslo Børs VPS Holding ASA
																						Verdipapirsentralen										Verdipapirsentralen ASA
																					VP Securities A/S
										Borsa Italiana S.p.A. (Italian Bourse)																										London Stock Exchange Group plc
			London Stock Exchange plc
																									Statnett Marked AS						Nord Pool Spot AS													Nord Pool AS
																											Nord Pool ASA
																		National Association of Securities Dealers, Inc. (NASD)											NASDAQ								NASDAQ OMX Group, Inc.						Nasdaq, Inc.
													Stockholm Stock Exchange															OM AB				OM HEX AB	OMX AB
															Helsinki Stock Exchange													Helsinki Exchanges Group Plc
																										Tallinn Stock Exchange
																									Riga Stock Exchange
																									Vilnius Stock Exchange
		Copenhagen Stock Exchange
																						Iceland Stock Exchange
																														Armenian Stock Exchange
																									SIX Swiss Exchange AG
												Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. (Spanish Bourses)
														Budapest Stock Exchange																													Budapest Stock Exchange
						Wiener Börse AG (Vienna Stock Exchange)																																Central and Eastern Europe Stock Exchange Group AG									Vienna Stock Exchange
																									Burza cenných papírů Praha, a.s. (Prague Stock Exchange)
																							Ljubljana Stock Exchange
																								Zagreb Stock Exchange
Frankfurter Wertpapierbörse AG (Frankfurt Stock Exchange)																																											Deutsche Börse AG (German Bourse)
																	Centrale de Livraison de Valeurs Mobilières									Cedel International
																															European Energy Exchange
																												Eurex Exchange
																												STOXX
1585	1602	1625	1698	1724	1769	1771	1792	1799	1801	1808	1818	1831	1863	1864	1912	1954	1970	1971	1978	1979	1980	1985	1989	1991	1993	1995	1996	1998	2000	2001	2002	2003	2004	2005	2006	2007	2008	2010	2011	2012	2013	2014	2015	2016	2018	2019	2020	2021

The open outcry style of trading was still the norm in the US and the UK in 1998. Eurex Exchange was one of the first to offer a fully electronic trading platform as opposed to the traditional forms, such as open outcry or pit trading, available at the time. That means buyers and sellers transact from remote locations and are brought together through an electronic trading platform and network. The platform used today, was launched in 2013 and it is known as the T7 trading architecture. T7 was originally developed by Deutsche Börse Group and it advanced electronic derivatives trading.[8] This robust and reliable trading system connects more than 7,700 traders in over 35 countries, trading more than 7.0 million contracts daily.[9][7]

• Eurex Exchange
• Eurex Clearing
• EEX
• STOXX Indexes
• MSCI Indexes
• DAX Index