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Topic: Eurex


In the News (Thu 24 Dec 09)

  
  eurex no action
Eurex will provide directly to the Commission information necessary to evaluate the continued eligibility of Eurex or its members for the relief, to enforce compliance with the terms and conditions of that relief, or to enable the Commission to carry out its duties under the CEA and Commission regulations.
Eurex employs reasonable procedures, to be determined by Eurex, for monitoring and enforcing compliance with the terms and conditions of the no-action relief provided herein.
Eurex represents that, to the extent a Eurex member permits an affiliate to use the Eurex trading system, such affiliate will be required to comply with all of Eurex’s rules that relate to trading on the Eurex trading system and the member shall remain responsible to Eurex for ensuring its affiliate's compliance with such rules.
www.cftc.gov /tm/letters/99letters/tmeurex_no-action.htm   (4098 words)

  
 Eurex: No-Action Letter dated May 3, 2005
Eurex further represents that Eurex is authorized under German public law to issue orders addressed to all Eurex participants that impose one-time or continuing obligations on these participants.
Eurex also represents that, pursuant to the German Exchange Act, Eurex is required to establish and maintain a disciplinary committee that has the express authority to impose sanctions on participants for violations of exchange orders as well as German Exchange Act provisions and the rules thereunder.
Eurex notes that such sanctions may include a reprimand, fine or exclusion from trading on the exchange.
www.sec.gov /divisions/marketreg/mr-noaction/eurex050306.htm   (647 words)

  
 Eurex - Wikipedia, the free encyclopedia
Eurex is an European electronic exchange (futures exchange) based in Frankfurt, Germany.
Eurex is the successor to the Deutsche Terminborse (DTB), Germany's first fully computerized exchange and the first German exchange for trading financial futures.
Eurex Clearing AG acts as the Clearing house for Eurex.
en.wikipedia.org /wiki/Eurex   (378 words)

  
 Eurex planning to take on Merc in currency trade Chicago Sun-Times - Find Articles
Eurex officials said the big firms that dominate currency trading increasingly prefer the protections of exchange trading.
Eurex U.S. is withdrawing marketing support and trading incentives for the Treasury contracts, although they will continue to be listed.
Eurex is the world's busiest exchange, with markets in futures based on interest rates, stocks and stock indexes.
www.findarticles.com /p/articles/mi_qn4155/is_20050617/ai_n14691363   (610 words)

  
 Eurex Repo
The Eurex Repo® trading platform was launched in June, 1999 to initiate electronic Repo trading in Switzerland.
Eurex Repo is based on the latest Internet technology and, within a short period of time, has become the standard bearer in the Swiss franc repo market.
Eurex Repo is among the forerunners in providing an integrated trading and clearing platform for Repo transactions.
www.eurexrepo.com   (178 words)

  
 EDHEC-Risk - Eurex
Eurex is the world’s largest futures and options exchange and is jointly operated by Deutsche Börse AG and SWX Swiss Exchange.
Eurex has been a pioneer in electronic trading of derivative products for more than a decade, and it offers its customers open, democratic, simple, and cost-effective access from any point around the globe.
Eurex Repo, which is a separate segment, is the electronic trading solution for repos (sale and repurchase agreements).
www.edhec-risk.com /partner/Eurex   (372 words)

  
 Risk magazine - Derivatives exchange of the year — Eurex
Investors have certainly recognised its value: Eurex is now one of the main factors driving the stock valuation of its parent, the Deutsche Börse, according to Huw Van Steenis, executive director of European research at Morgan Stanley in London.
Eurex was the first to launch futures and options on exchange-traded funds Europe-wide last year.
Eurex rolled out 14 new Dutch options in 2002 in a bid to compete head-on with Euronext’s Amsterdam exchange, and observers expect Eurex to take on either the Italian or the Spanish derivatives exchanges for domestic single-stock options business in the next 18 months.
www.risk.net /public/showPage.html?page=9116   (870 words)

  
 Eurex: No-action Letter dated July 27, 2005
Eurex is a fully electronic derivatives exchange that provides Eurex participants with decentralized and standardized access from access points located in Finland, France, Germany, the Netherlands, Spain, Switzerland, the United Kingdom, and the United States.
You represent that the Eurex trading system will not be made available for the trading of any Options, including trading by U.S. Eurex participants that currently trade futures and futures options pursuant to the relief granted by the CFTC in its 1999 Letter.
Eurex has a single category of exchange membership which is limited to entities that: (i) enter into Options (and/or futures) transactions (A) for their own accounts or (B) in their names for the accounts of third parties; and (ii) are organized business entities (i.e., natural persons are not permitted to become participants in Eurex).
www.sec.gov /divisions/marketreg/mr-noaction/eurex072705.htm   (4280 words)

  
 Forums - Eurex to offer FX futures
Eurex plans to offer foreign exchange futures contracts this year, as the Frankfurt-based derivatives exchange tries to boost its fledgling US operation and expand global distribution of its products.
Eurex is the world’s largest derivatives exchange and a market leader in interest rate, equity and index derivatives.
Eurex has waived fees for the rest of 2005 and says its 2006 fees will be competitive with the OTC market.
www.elitetrader.com /vb/showthread.php?threadid=50692   (1452 words)

  
 FT.com / Capital markets - Eurex makes move on Chicago turf   (Site not responding. Last check: 2007-10-29)
Eurex US on Friday begins its next assault on the strongholds of the Chicago derivatives exchanges by offering foreign exchange futures, attacking one of the Chicago Mercantile Exchange’s fastest-growing markets.
Eurex US has waived trading fees for the rest of this year and set low levels for next year – potentially below some of the CME’s levels, though clearing costs are not always easy to measure.
Eurex US is hoping to use its European parent, Eurex, to open whole new markets in Europe, meaning its success might not depend on cannibalising the CME’s client base.
www.ft.com /cms/s/a92ab55e-2b84-11da-995a-00000e2511c8.html   (931 words)

  
 Eurex board approves plan to sell part of Chicago unit - Marketplace by Bloomberg - International Herald Tribune
LONDON Eurex, the world's largest futures market, said Wednesday that its board had approved a plan that would let another exchange take a stake in its U.S. derivatives business.
Eurex has been negotiating to sell all or some of the unit to a U.S. partner since October.
"Eurex is in discussions with a number of U.S. exchanges over a partnership to further develop its U.S. business," Deutsche Börse, which co-owns Eurex with the SWX Swiss Exchange, said.
www.iht.com /articles/2006/01/04/news/bxeurex.php   (388 words)

  
 U. S. Banker | Slugfest in Chicago Over Eurex U.S. Launch
Eurex U.S. is an audacious move given the Chicago Mercantile Exchange and the Chicago Board of Trade’s market dominance.
Eurex, the world’s largest derivatives market, and The Clearing Corp. had an unspoken agreement that the former wouldn’t enter the marketplace as long as the two had a partnership, say sources.
But Eurex officials say the financial offer is merely a bribe to exchange members to vote against a structural change at The Clearing Corp., required to allow the Eurex deal.
www.us-banker.com /article.html?id=20040415RDZM267L   (752 words)

  
 FT.com / Capital markets - Extended working hours at Eurex   (Site not responding. Last check: 2007-10-29)
Eurex had planned to use Eurex US as a platform for expanding into the US and Asian time zones, in the absence of any immediate technical solution in Frankfurt.
Eurex now plans to expand the number of hours that its Frankfurt system is open to about 17, possibly by the end of this year, so that European traders no longer have to rely on a handover to Eurex US.
The plan also means that Eurex no longer needs to rely on approval from the Commodity Futures Trading Commission, the US futures regulator, of the second phase of a proposed “global clearing link”.
www.ft.com /cms/s/ad814bd0-e283-11d9-84c5-00000e2511c8.html   (830 words)

  
 Finextra: Judge clears the way for Eurex suit against CME, Cbot
Eurex accuses Cbot and CME of violating the Sherman Act by lowering their transaction fees to "predatory levels" just prior to the launch of its US futures exchange early last year.
Eurex is also alleging that the two Chicago exchanges made "material misrepresentations" to members of Congress and the Commodity Futures Trading Commission and attempted to block the National Futures Association (NFA) from providing regulatory oversight functions.
Earlier this month Eurex refused to comment on reports from German newspaper Handelsblatt that the US unit is likely to be closed in its present form, although a Eurex spokesman told Reuters reporters that the exchange is reviewing the unit's prospects.
www.finextra.com /fullstory.asp?id=14163   (471 words)

  
 EUREX - Wikipedia
EUREX ist eine der größten Terminbörsen für Finanzderivate weltweit.
Eurex bietet ein umfangreiches Angebot an Aktien-, Aktienindex-, Zins- und EXTF-Derivaten (Derivate auf börsengehandelte Fonds) an.
Durch die Anbindung der Eurex Bonds Handelsplattform an das Clearingsystem der Eurex Clearing AG besteht eine unmittelbare Verbindung von Kassa- und Terminmarkt, durch die der elektronische Handel der Schuldverschreibungen der Bundesrepublik Deutschland und der Basistitel für alle in die Fixed Income-Derivate lieferbaren Schuldverschreibungen in einem zentralen Quotebuch möglich wird.
de.wikipedia.org /wiki/EUREX   (1783 words)

  
 Wall Street & Technology : Eurex Seeks U.S. Exchange Partner, and more
Eurex is holding discussions with a number of U.S. exchanges over forming a partnership to further develop its U.S. business, the international derivatives exchange confirmed on Wednesday.
According to Eurex, this strategic direction was announced after approval from Eurex’s parent companies, Deutsche Borse and SWX Swiss Exchange, and a subsequent decision of the Eurex supervisory board.
Eurex currently distributes approximately 25-to-30 percent of its global benchmark futures contracts into the United States, including its benchmark fixed income and index products Euro-Bund Futures and futures on the DAX and Euro STOXX 50 indexes.
www.wstonline.com /news/trading/showArticle.jhtml?articleID=175801639   (398 words)

  
 Forbes.com: Eurex adds charges in suit against Chicago rivals   (Site not responding. Last check: 2007-10-29)
Eurex, the world's largest futures exchange, amended the suit on Nov. 24, adding elements from recent CBOT and CME testimony to Congress.
Eurex's suit, filed in mid-October in a U.S. district court for the District of Columbia, charged the CBOT and CME with violating the Sherman Act by attempting to block its entrance to the U.S. market.
It is expected to hold a hearing on Eurex on Dec 17.
www.forbes.com /home_europe/newswire/2003/12/10/rtr1176887.html   (574 words)

  
 BW Online | February 5, 2004 | Eurex Blows Into Chicago
Eurex is targeting the CBOT by first giving customers the ability to trade contracts for U.S. securities, the CBOT's bread and butter.
Typical Eurex trades will cost just 20 cents (with some ranging up to 30 cents), while those at the CBOT, after the recent fee reductions, will be 30 cents for nonmembers.
Citing Eurex advocates such as the Treasury Dept. and the Fed, the report went on to argue that competition would enhance efficiency and foster innovation.
www.businessweek.com /bwdaily/dnflash/feb2004/nf2004025_6306_db016.htm   (1089 words)

  
 UNITED STATES: NANDAPURKAR SWITCHES SIDES AS EUREX STORMS WINDY CITY Global Finance - Find Articles   (Site not responding. Last check: 2007-10-29)
On Sunday night, February 8, the German- and Swiss-backed Eurex launched the first major derivatives exchange to open in the Windy City in 31 years.
The TV antennas atop the Sears Tower, the home of Eurex US, were aglow in green and blue lights, the corporate colors of the European invader.
Eurex hopes eventually to offer a single trading and clearing system for US and European derivatives.
www.findarticles.com /p/articles/mi_qa3715/is_200403/ai_n9400306   (380 words)

  
 CBOT, Eurex may link up - Mar. 19, 1998
NEW YORK (CNNfn) - The Chicago Board of Trade is believed to be forging an alliance with Eurex, the all-electronic continental European exchange, to allow for trading of both exchange's contracts through a common global network.
Eurex's chief executive, meanwhile, suggested Simex, the Singapore-based Exchange.
     Eurex was formed from the merger of Frankfurt's Deutsche Terminborse (DTB) and Soffex of Switzerland.
money.cnn.com /1998/03/19/markets/exchange   (419 words)

  
 Finextra: Man Group to acquire 70% stake in Eurex US
Man Group to acquire 70% stake in Eurex US British hedge fund manager Man Group is buying a 70% stake in Eurex US, the struggling electronic futures market launched in Chicago in 2004, for $23.2 million in cash.
Eurex, which is co-owned by Deutsche Börse and the SWX Swiss Stock Exchange, said in January that it was holding talks with a number of parties regarding a partnership for the loss-making business.
Eurex US has an antitrust complaint pending against Cbot and CME, which alleges that the two exchanges tried to illegally block its entry into the US market.
www.finextra.com /fullstory.asp?id=15649   (579 words)

  
 Peregrine Financial Group, Inc - BEST Direct Online Trading
The contract sizes for Eurex US contracts are the same as those that are traded at the CBOT.
The 30-year Treasury bond futures contract on Eurex US has a tick size of one-half of 1/32 of a point ($15.625/contract), compared to 1/32 of a point ($31.25/contract) for the CBOT contract.
If you are currently using BEST Direct and would like to have access to Eurex US products, you first must download an update file.
www.pfgbest.com /best/EurexUS.asp   (293 words)

  
 Eurex - Home
Eurex is the world's largest derivatives exchange and the leading clearing house in Europe.
Wherever you are located, we provide you with access to the benchmark futures and options market for European derivatives.
Latest information at Eurex via RSS Newsfeed - now also separately available for product groups, trading and clearing circulars.
www.eurexchange.com   (148 words)

  
 Forbes.com: CBOT traders to regulators: don't approve Eurex   (Site not responding. Last check: 2007-10-29)
The CFTC is still mulling Eurex's plan to trade futures and options on Treasury securities identical to those at the CBOT, the No. 2 U.S. futures exchange.
Eurex, the world's largest futures exchange, proposes "a business model that penalizes participants for exercising any sense of moral duty," wrote Alexander Stevens, managing director of Atlantic Metals.
Stevens picked up on a theme cited by the CBOT leadership, which has hammered Eurex on the topic of "internalization" of orders, or allowing various types of derivatives trades that are not subject to the open-auction trading process.
www.forbes.com /home_europe/newswire/2003/12/19/rtr1187745.html   (652 words)

  
 Nightly Business Report . The Anatomy of The Eurex | PBS
When German-Swiss Eurex opened a sophisticated all-electronic exchange in Chicago a few months ago, it was expected to capture a huge share of the U.S. financial futures market.
But the president and CEO of Eurex U.S. says the exchange is still a work in progress.
EASTABROOK: Eurex says it has already succeeded in bringing more competition to the U.S. futures industry and believes it will become a more viable contender when it launches more futures products here.
www.pbs.org /nbr/site/onair/transcripts/040528a/index.html   (566 words)

  
 CBOT approves Eurex alliance - Jun. 24, 1999
     CBOT member approval of the planned linkup with Eurex, which earlier this year surpassed the Chicago exchange as world leader in futures trading volume, was considered a foregone conclusion after Brennan threw his weight behind the alliance.
     The $50 million is on top of $18 million the CBOT spent last year on Eurex, bringing the total cost for the alliance closer to $70 million, Brennan said.
But he also said the CBOT is reviewing whether to open access on Eurex to non-CBOT members.
money.cnn.com /1999/06/24/markets/cbot   (630 words)

  
 Bridge Datalink - About Bridge
On June 17, 1998, the Deutsche Teminborse (DTB) and the ClearingHouse of Deutsche Teminborse officially spun off from the Deutsche Borse AG to form the EUREX Frankfurt GmbH.
EUREX will begin transmitting realtime trade and quote data for both EUREX (DTB) derivatives and derivatives listed on SOFFEX.
To better facilitate the switch from DTB to EUREX, we will continue to give you access to DTB's exchange via BridgeFeed and provide a new value for the EUREX Frankfurt GmbH exchange.
www.bridge.com /prodserv/en/rb/reporter/eurex.asp   (562 words)

  
 Muddy clearing waters for Eurex   (Site not responding. Last check: 2007-10-29)
On the specifics of the complexities involved in switching business between two exchanges and clearinghouses, Eurex was quick to dismiss the belief held by some forum participants that the transfer tool the exchange will supply to automate the process of switching could be delayed.
However, a Eurex spokesperson insisted that the $7m figure was inflated, as it included a number of other Eurex US revenue sources other than connectivity costs.
Asked why they believed Eurex had decided to take the two platform approach, FCMs speculated that systems provided by parent company Deutsche Börse were not robust enough to handle a trading hour extension, necessitating the introduction of a second platform to reduce the burden.
www1.fow.com /articles/foweek_article.asp?storyCode=3181   (1548 words)

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