Eurex announced it is adapting its global structure against a backdrop of rapid change in the industry. To best serve its clients, reduce complexity and improve agility, the exchange will change its set-up in Switzerland and strengthen its offering in Asia.
Eurex has decided against filing for a separate authorization as a Multilateral Trading Facility under the new Swiss Financial Market Infrastructure Act (FMIA). Going forward, Eurex will serve all its European and global clients through its existing German exchange and rulebook in Frankfurt, operated according to the MiFID II regulation. This is expected to reduce legal and operational complexity as well as costs.
To further support the market, Eurex plans to extend its trading hours to include the Asian time zone. The planned extension meets the needs of clients worldwide and provides the market with additional hedging opportunities for selected benchmark products. In line with the planned extension, Eurex has decided to not further pursue the establishment of separate regulated entities in Singapore in order to reduce complexity and effort for its members, while at the same time strengthening its business and presence in Singapore, the operational hub for Deutsche Börse Group in Asia.