As of 26 April 2010, the Vienna Stock Exchange converts its derivatives market to the Eurex® system of Deutsche Börse. Eurex® is replacing the US NASDAQ-OMX’s OM-Click® system that had been used for trading in standardized futures and options on the derivatives market segment of the Vienna Stock Exchange (derivatives market.at) since 1991.
By taking this step, the Vienna Stock Exchange is expecting to increase liquidity in this market segment. The Eurex® trading and clearing platform is not only an extremely stable and utmost reliable state-of-the-art trading system, offering high transaction speed; it is also well-known and highly regarded internationally.
The Eurex® system is currently used by more than 410 customers in 25 countries on four continents. The majority of the Vienna Stock Exchange’s cash market participants already use the Eurex® infrastructure to trade derivatives on other marketplaces. In the future, these participants can also use the new Eurex® infrastructure to trade on the derivatives market of the Vienna Stock Exchange without any significant technical investment. This will make acquisition of news trading participants for the derivatives market much easier.
The conversion to the Eurex® system will also enable trading members to choose from a much larger group of potential General Clearing providers. Private investors on the Vienna Stock Exchange, on the other hand, will not be affected by the system conversion.
By converting its derivatives market to the Eurex® system, the Vienna Stock Exchange is expanding its partnership with Deutsche Börse whose Xetra® system has been used for electronic trading on the stock market since 1999 and on the cash market of the CEGH Gas Exchange of the Vienna Stock Exchange since December 2009.