Eurex-OMXOn April 9, 1999, Eurex and the former Helsinki Exchanges Group Ltd. (HEX) signed a cooperation agreement to set up a strategic derivatives market alliance. In 2003, HEX joined forces with OM, the owner of the Stockholm Stock Exchange, creating OMX. NASDAQ OMX was formed when OMX was bought by NASDAQ in 2008. The first Nordic products were launched at Eurex on September 27, 1999. Furthermore, all HEX derivatives members became Eurex exchange members. Currently, nine options and 23 futures on Finnish shares as well as futures and options on the OMXH25 Index are traded at Eurex. One of the first products listed at Eurex in course of the cooperation was the option on Nokia shares - Eurex is now the leading marketplace worldwide for this contract. With a global market share of nearly 80 percent and a monthly average trading volume of 2.2 million contracts, Eurex is the market place of choice for Nokia options worldwide. The cooperation is very successful: market participants are profiting from a larger range of products, the market is more liquid and the costs are coming down for both market participants and the exchanges.
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