20 October 2017

Vienna Stock Exchange to migrate derivatives to Eurex system

07 July 2009  |  3085 views  |  0 Eurex

The Vienna Stock Exchange has outlined plans to ditch its current OMex system for derivatives trading and migrate to the platform of Deutsche Boerse unit Eurex.

The two market operators say they plan to enter into technical cooperation on the move, with migration slated for March 2010. The Austrian exchange will remain autonomous, with its own surveillance and supervision.

The OMex system has been used to trade financial futures contracts and options since 1991. It was developed by OM Technology, an arm of Nordic futures exchange Optionsmäklarna which became OMX in 2003 before merging with Nasdaq in 2008.

The move to Eurex is an expansion of a partnership that has seen Wiener Börse using the Xetra electronic trading system for its equities market since 1999.

Peter Reitz, executive board, Eurex, says: "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 Vienna Exchange will hope the new platform helps its push to become the dominant player in Central and Eastern Europe. Last year it bought an 81.01% stake in the Ljubljana Stock Exchange after beating offers for the Slovenian bourse from other market operators, including OMX. This was swiftly followed by the acquisition of a 92.4% stake in the Prague Stock Exchange.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Eurex in talks to sell CDS clearing stakes

Eurex in talks to sell CDS clearing stakes

12 March 2009  |  6887 views  |  0 comments
Vienna Stock Exchange to take over Prague bourse

Vienna Stock Exchange to take over Prague bourse

07 November 2008  |  4562 views  |  0 comments
Eurex ventures into OTC derivatives clearing

Eurex ventures into OTC derivatives clearing

23 July 2008  |  7660 views  |  0 comments
Vienna takes Slovenian exchange

Vienna takes Slovenian exchange

20 June 2008  |  5025 views  |  0 comments
Wiener Borse links to GL Net for multi-exchange trading

Wiener Borse links to GL Net for multi-exchange trading

12 June 2001  |  2794 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15977 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9067 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8212 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7219 views comments | 9 tweets | 17 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
6781 views comments | 19 tweets | 25 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job