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Article: Eurex faces growing competition in Europe.
- Article from:
- Financial News
- Article date:
- November 2, 2003
CopyrightCOPYRIGHT 2003 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Natasha de Teran
Eurex, the Swiss-German derivatives exchange led by chief executive Rudi Ferscha, has recently concentrated on the US where it hopes to launch its new operation next year, while its rivals have been stepping up their efforts in Europe.Euronext.Liffe, the London exchange and Eurex's principal European rival, has been the most active. In a bid to attract some of the buoyant trading volumes in single stock futures (SSFs) enjoyed by Meff, the Madrid derivatives exchange, Liffe introduced a fee holiday on all Spanish SSFs for six months from October 1, during which there are no charges for the trading and clearing of Liffe's 11 Spanish-based ...