Statement on the European Commission’s Decision to Open an Investigation

Release date: 06 Nov 2025 | Deutsche Börse Group

Statement on the European Commission’s Decision to Open an Investigation



Deutsche Börse Group and Eurex took note of the European Commission’s decision to open an investigation into alleged coordination of their conduct in the sector for listing, trading and clearing of financial derivatives in the European Economic Area (‘EEA').

More specifically, this relates to the former cooperation between Eurex and HEX, now Nasdaq. We are engaging constructively with the European Commission.

The formal opening of an investigation is a procedural step that does not prejudge the outcome of the investigation. The proceedings are still at an early stage.

The former cooperation goes back to an agreement in 1999 and was discussed with the European Commission at the time.

The cooperation was intended to be pro-competitive, especially it aimed to build deeper liquidity in the respective Nordic derivatives markets and create efficiencies. It provided clear benefits for market participants and was public.

In alignment with our external counsel, we believe that we can successfully defend this case.


Media contact:
Ingrid M. Haas
+49 69 21113217
media-relations@deutsche-boerse.com


Patrick Kalbhenn
+49 69 21114730
media-relations@deutsche-boerse.com