The European Futures Exchange (EUREX) was formerly the German Futures Exchange (DTB) and the Swiss Futures Options Exchange (SOFFEX). In response to the formation of the European Monetary Union (EMU) and the advent of the Euro era, faced with increasingly fierce competition, DTB's parent company Deutsche B? rse Group and Swiss Exchange decided to establish a strategic alliance. 1998, DBAG and SWX *** jointly invested to establish the European Futures Exchange (EUREX Zurich AG), headquartered in Zurich, Switzerland.