SOFFEX

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Swiss Options and Financial Futures Exchange (SOFFEX)
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Website http://www.swx.com/index.html

The Swiss Options and Financial Futures Exchange (SOFFEX) became the first-ever electronic exchange 20 years ago 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 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]