Eurex and Wiener Börse to Cooperate in Derivatives Market
Wiener Börse plans to migrate Austrian derivatives market to Eurex system/ Implementation planned for March 2010
The international derivatives exchange Eurex and Wiener Börse AG announced today that they plan to enter into a technical cooperation which entails Wiener Börse operating its derivatives market on the Eurex system with effect from March 2010, thereby replacing the current OMex® system. The Austrian market will remain autonomous with its own market surveillance and supervision.
Peter Reitz, member of the Eurex Executive Board, commented, “We are delighted that Wiener Börse has decided to use our efficient derivatives system. The participants of the Vienna derivatives market will thus be able to benefit directly from the strengths of the Eurex system, such as scalability, speed and stability.”
“The expansion of our cooperation on the derivatives market underlines our many years of successfully working together with Deutsche Börse,” said members of the Wiener Börse Management Board Dr. Michael Buhl and Dr. Heinrich Schaller, continuing, “Eurex is an extremely stable and reliable system which offers all the state-of-the-art features of a modern trading system.”
Wiener Börse has been cooperating with Deutsche Börse on the cash market since 1999, when it began to use the Xetra electronic trading system for its equities market. In June 2007, the two parties extended their cooperation by another five years, taking it to 2012. The shift to Eurex in the derivatives market and the associated expansion of the partnership serve to underscore the success of the cooperation.
Wiener Börse website: http://www.wienerborse.at/
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