As the DTB was in the midst of a battle to wrench liquidity in the Bund contract away from its chief cross-continental rival, the open outcry operated LIFFE, it began the merger proceedings with SOFFEX (the Swiss Options and Financial Futures Exchange).

Its creation took almost a decade of close cooperation between the DTB and SOFFEX and their parent companies, Deutsche Börse AG and SIX Swiss Exchange to be completed.

This joint leadership lasted until January 2012, when Deutsche Börse acquired the remaining shares in Eurex Zurich AG from SIX Group AG, making Deutsche Börse the sole owner of the pan-European derivatives exchange.

That means buyers and sellers transacted from remote locations and were brought together through an electronic trading platform and network.

T7 was originally developed by Deutsche Börse Group and it advanced electronic derivatives trading.