the world’s largest derivatives exchange, based on volume. The fully electronic exchange has more than 400 participants in about 20 countries, creating decentralized and standardized access to its markets. Members are linked to the Eurex system through a dedicated wide-area communications network (WAN). Access points have been installed in Amsterdam, Chicago, New York, Helsinki, London, Madrid, Paris, Hong Kong and Tokyo, and Sydney. Eurex is the successor to Deutsche Termin Borse, Germany’s first fully computerized exchange and the first German exchange for trading financial futures. DTB merged with Deutsche Borse AG and in 1998 merged with the Swiss Options and Financial Futures Exchange (SOFFEX) to form Eurex. The exchange lists some 20 product groups, including Dutch, Finnish, French, German, Italian, Swiss, and U.S. equity products; Finnish, German, and Swiss index products; and Finnish, German, and Swiss fixed-income products. In the derivatives markets, Eurex lists futures and options on the Euro-schatz, Euro-bobl and Euro-bund, Euro-buxl and conf futures; futures and options on the three-month euribor and futures on the one-month euribor; futures and options on the DAX, NEMAX 50, SMI and HEX 25 indices; Dow Jones Global Titans 50 Index futures and options; and futures and options on a family of Dow Jones STOXX products. Eurex operates in three trading phases: pretrading, from 7:30 A.M. to 9 A.M.; trading, 9 A.M. to 8 P.M.; and post-trading, 8 A.M. to 8:30 P.M. Extension of trading hours is planned in phases. www.eurexchange.com.
Dictionary of Finance and Investment Terms for: eurex