SOFFEX
| Swiss Options and Financial Futures Exchange (SOFFEX) | |
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| Website | http://www.swx.com/index.html |
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The Swiss Options and Financial Futures Exchange (SOFFEX) became the first-ever electronic exchange in 1988 and fueled the subsequent rapid growth of electronic derivatives and equities markets. A decade later, SOFFEX joined Germany's DTB electronic exchange - a former customer - to form the derivatives exchange powerhouse Eurex.
History[edit]
SOFFEX was launched in 1988 as the world's first all-electronic securities exchange.[1] and helped break the ground for today's rapid expansion of electronic trading. It also helped fuel the rise of pan-European derivatives exchange Eurex by licensing its proprietary trading system to the German all-electronic derivatives exchange DTB, which Deutsche Borse launched in 1990 and later snagged market share from Matif and LIFFE. DTB and SOFFEX, then owned and operated by SWX Swiss Exchange[2] then merged in 1998 to form Eurex, the world's first transnational derivatives market.
Latest news[edit]
SWX Swiss Exchange's parent company, SWX Group, joined the new Swiss Financial Market Services AG in 2007 after being part of a three-way merger with SIS Group and Telekurs Group. The new group plans to promote SWX Swiss Exchange and SWX Europe as "pre-eminent liquidity venues for Swiss securities trading."[3]
References[edit]
- ↑ Scandals In Chicago; Automate the Futures Exchanges. New York Times.
- ↑ Milestones. SWX Swiss Exchange.
- ↑ virt-x Changes Name To SWX Europe Limited. Mondovisione.com.