(Vienna / Frankfurt/Main) The international derivatives exchange Eurex and Wiener Börse AG announced today that they plan to enter into a technical cooperation which entails the Vienna Stock Exchange 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.
“The expansion of our cooperation on the derivatives market underlines our many years of successfully working together with Deutsche Börse,” said members of the Vienna Stock Exchange 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.”
Peter Reitz, member of the Eurex Executive Board, commented, “We are delighted that the Vienna Stock Exchange 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 Vienna Stock Exchange 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.
Further information is available from:
Beatrix Exinger, Wiener Börse AG
Phone: +43 (0) 1 53 165 - 153
Fax: +43 (0) 1 53 165 - 171
Heiner Seidel, Eurex
Tel. +49 (0) 69 2 11 - 1 15 00