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Fields of competence

Fields of competence

Since its inception in 1998, Eurex has continually set a proven track record in electronic trading and clearing and is proving the success of its business model year in and year out by providing highly efficient liquidity pools.

Having quickly become an integral part of the global derivatives market, we have closed with record volumes of traded contracts every year. We consider our combination of superior market integrity and efficiency combined with a truly global product and service portfolio our greatest competitive asset. Thus, we offer you the following benefits:

 

Market integrity

Our Clearing House ensures your risk management with its integrated safety and control mechanisms and an unmatched system reliability averaging 99.997 percent, thus, covering your market, credit and operational risk most effectively. The offsetting of open positions (netting) and the depositing of collateral by each Clearing Member to fulfill margin requirements are the mainstays of our security system, guaranteeing the fulfillment of every transaction in every market for which we provide our services.

Offering the highest integrity possible

Regulatory integrity
Neutrality to the markets, a clear and binding regulatory framework and the supervision through the responsible authorities is key, especially in volatile market conditions. We have three levels of oversight: federal, state and internal regulatory measures.
Electronic trading improves the regulatory monitoring of trading activities of banks and other market participants. The transparency of real-time "straight-through processing" from order to trade to clearing greatly improves supervision for both exchanges and their participants.

Fair price discovery
The deep market liquidity of our products, and the diversity of our Trading Participants ensure fair, transparent and competitive pricing. Price discovery takes place continuously throughout the trading day as market participants submit orders and quotes in central order books where they are matched against each other. In option and certain futures contracts, Market Makers support order book liquidity by providing constant quotes, thereby facilitating price discovery.

Efficient and leading risk management
Eurex Clearing guarantees the fulfillment of every trade made in any of the markets for which it provides its services, offering Clearing Members a variety of industry leading risk management tools from pre-trade risk tools to pro-active risk monitoring. The quintessence is an event-driven fully-automated supervision which marks each Clearing Members current open positions to market, in real-time. By doing trading and risk management simultaneously, growing risk management needs - due to algorithmic trading and direct market access - are adequately accounted for. With its Risk-based Margining system, Eurex Clearing protects against the risk of default like no other clearing house.

Market efficiency

Our high trading volumes averaging seven million contracts per day give you the benefit of a large liquidity pool, high speed execution and the tightest spreads. Our global distribution network uses outstanding T7 technology from Deutsche Börse  to connect a diversity of Members and Users from around 700 locations around the world, giving you direct access to a reliable world of performance, speed and proximity.

Unmatched market efficiency

A cornerstone of our success is the unmatched market efficiency that we provide. Market participants enjoy efficient access to liquidity, a robust global distribution network and unparalleled system performance.

Efficient access to liquidity
Our fully automated markets offer Members immediate access to a wide range of international, highly liquid products, which have proven themselves resilient, especially in volatile markets.

Bid/ask spreads in our benchmark products are routinely one tick wide, and liquidity in many products continues to develop strongly. We have Market Makers in all of our option markets. In addition, new product launches are supported by Designated Market Makers to ensure liquidity right from the start of trading. Members receive market depth of up to 20 levels deep, providing enhanced decision-making information.

Global distribution network and customer diversity
To reduce barriers to membership we have broadened access to our markets, enhancing liquidity for all market participants. Currently, our global distribution network connects more than 400 institutions from 32 countries, with more than 8,000 admitted traders.

System performance
As a pioneer of electronic trading, we anticipate future developments in technology by constantly optimizing the T7-system to accelerate trading speed and throughput. By upgrading system capacity, enhancing real-time information distribution and improving interfaces, we are always one step ahead.

The tripling of system transactions since March 2007 is a testament to the need for continual enhancement. In fact, the average is nearly seven million contracts traded in a single day. Capacity, at over 800 million quotes per day, is not the only thing that Eurex is continually enhancing. By offering the Enhanced Transaction Interface, response time for orders has been reduced to six milliseconds.

Global product & service portfolio

Our diversified portfolio covers various asset classes as well as an extensive range of products, including some of the world's most heavily traded derivatives contracts. First class services of Eurex Clearing, Eurex Repo, Eurex Bonds, and benchmark products in three major time zones further contribute to achieving your goals.

A broad range of benchmark products

As one of the world's leading futures and options exchanges, Eurex Exchange offers a broad range of benchmark products such as

  • Interest Rate Derivatives
  • Equity Derivatives
  • Equity Index Derivatives
  • Dividend Derivatives
  • Volatility Derivatives
  • Exchange Traded Funds Derivatives
  • Commodity Derivatives
  • Property Derivatives

Eurex Clearing acts as the central counterparty and guarantees the fulfillment of all transactions of instruments traded on

  • Eurex Exchange (Eurex Frankfurt AG and Eurex Zürich AG)
  • EurexOTC Clear
  • Eurex/KRX Link
  • Eurex Bonds
  • Eurex Repo
  • European Energy Exchange
  • FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange: Xetra® and floor)
  • Irish Stock Exchange

With Eurex Clearing, also OTC market participants have the chance to mitigate counterparty risk and simultaneously benefit from our seamless post-trade management. EurexOTC Clear delivers an optimal solution for effective risk management and are designed to address recent developments in the OTC market.

Eurex Bonds is an ECN (electronic communication network) for off-exchange, wholesale trading in fixed income securities and Treasury discount papers.

Eurex Repo is the electronic trading solution for repos (sale and repurchase agreements).

 
 
 
 

Market Status

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