Eurex (European Exchange)

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    EurexThe Eurex (European Exchange) trades leading European derivatives and what is considered to be the world’s most liquid fixed income market.

    It is one of the three most important global derivatives exchanges, alongside LIFFE and the Chicago Mercantile Exchange.

    Trading on the Eurex

    Products

    Eurex offers trades in a wide range of products, a large number of which are listed on the EURO STOXX 50 and STOXX Europe 600 indices.

    • futures
    • options
    • government bonds
    • U.S. single stocks
    • equity derivatives
    • repos
    • volatility-index, interest-rate, inflation and CO2 derivatives
    • exchange-traded funds

    Eurex also provides OTC and clearing and settlement services.

    Indices used

    Aside from the EURO STOXX 50 and STOXX Europe 600, traded products are listed on the following indices:

    • DAX EX
    • STOXX 50 EX
    • STOXX Europe Mid 200
    • XMTCH on SMI
    • Dow Jones Global Titans 50 Index
    • Dow Jones Italy Titans
    • MDAX
    • TecDAX
    • SMI
    • OMX Helsinki 25 Index
    • RDXxt USD
    • VSTOXX
    • VDAX-NEW
    • VSMI
    • iTraxx Europe

    Scope

    In 2004, Eurex launched the now-defunct Eurex US (later known as US Futures Exchange) derivatives exchange, enabling investors to trade and settle U.S. dollar denominated products in the U.S. markets. It then expanded further in 2005 to enable Asian trading through the signing of agreements with the Osaka Securities Exchange and in 2010 it moved into Korea and India.

    Financial data

    The average daily volume of traded contracts, as at August 2012, across all Eurex’s derivatives markets was 7.2 million, of which around 5.1 million were Eurex Exchange contracts. A further 2.1 million were traded at the U.S.-based International Securities Exchange (ISE).

    Across all Eurex’s repo markets in August 2012, the average outstanding volume of trades was €42 billion. In the same month, its fixed-income products traded €7.55 billion.

    History

    Eurex was formed in 1998 when Deutsche Terminbörse (DTB, the German derivatives exchange) and SOFFEX (Swiss Options and Financial Futures) merged. It is owned by Deutsche Boerse.

    Further information

    Eurex website.

    Wikipedia article on Eurex.