The international derivatives exchange Eurex and Wiener Börse AG (Vienna Stock Exchange) plan to enter into a technical cooperation. This would entail Vienna Stock Exchange to operate its derivatives market on the Eurex system with effect from March 2010, thereby replacing the current OMex system.
Financial futures contracts and options have been traded in Vienna through the OMex trading system 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.
Michael Buhl and Heinrich Schaller, members of the Vienna Stock Exchange Management Board, commented: “The expansion of our cooperation on the derivatives market underlines our many years of successfully working together with Deutsche Börse. 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, said: “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.”
