Eurex Contract Renewed for Another 10 Years, Profit Distribution Revised

Release date: May 26, 2003 02.51 PM

Deutsche Börse AG and SWX Swiss Exchange will continue their cooperation in the derivatives market: The two partners have renewed the contract for their joint derivatives market Eurex ahead of time for another 10 years until the end of 2014. The distribution of transaction fees and expenditure and thus profits of the world's largest derivatives exchange was revised and set at 85 percent for Deutsche Börse and 15 percent for SWX Swiss Exchange. Currently, Deutsche Börse receives 80 percent of the proceeds, and SWX 20 percent. The formal participating interests will remain at 50 percent each. The supervisory board of Eurex will be enlarged from nine to twelve members and Deutsche Börse will have seven representatives.

 

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