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Eurex

“Can a vertically integrated derivatives exchange, CCP, and repo platform sustain its position as Europe's dominant listed derivatives infrastructure against global competition from CME and ICE?”

Founded1998
HQEschborn, Germany
IndustryInfrastructure / Payments
The story

Eurex was founded in 1998 as a pan-European electronic derivatives exchange, rapidly growing into one of the world's largest by volume. It operates three regulated entities — Eurex Frankfurt AG (exchange), Eurex Clearing AG (CCP), and Eurex Repo GmbH (repo trading) — forming a vertically integrated market infrastructure group under Deutsche Börse. The company is not an embedded finance vendor; rather, it is the regulated market infrastructure that embedded finance providers and financial institutions connect to for derivatives clearing, settlement, and repo trading.

Last 12 months
—
Product timeline
1998
Eurex launched as a joint venture between Deutsche Börse and SIX Swiss Exchange, becoming one of the world's largest derivatives exchanges.· pivot
2000
Eurex Clearing AG established as a central counterparty clearing house for derivatives and other financial instruments.· banking
2009
Eurex Repo GmbH established to offer electronic repo trading services.· banking
2012
Eurex attempted to acquire NYSE Euronext but the merger was blocked by European regulators.· acquisition
2021
German Federal Ministry of Finance clarified VAT exemption for Eurex connectivity and CCP settlement services.· banking
Regulated entities
3
regulatory licences held by Eurex
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
0 layers disclosed in Eurex’s embedded-finance stack
Accounting gap: none

Eurex — frequently asked

Where is Eurex headquartered?

Eurex is founded in 1998 and headquartered in Eschborn, Germany.

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