Vienna Derivatives Exchange Announces New Agricultural Product Range

London, United Kingdom, January 14, 2011 --(PR.com)-- Vienna Derivatives Exchange (VDEREX), the Austrian multi-product commodity derivatives exchange, today announced that the Exchange expects to go live with its new arm of agricultural commodities trading mid-2011.

VDEREX is strongly positioned to offer an integrated and single-platform for multiple agricultural products. It has completed conformance testing with Independent Software Vendors (ISVs) and industry-wide testing with member firms prior to its impending launch.

Etienne Desfargues, Vice Chairman of VDEREX and Group CEO, said, “The new agricultural platform will be the first stand-alone and next-generation global derivatives exchange for unrestricted cross-border trading in futures, options and other derivatives across multiple asset classes. We are looking forward to our newest venture to establish a footprint for transparent electronic trading that will manifest itself as a major platform for price discovery for agricultural commodities trading.”

Mr Patrick Lowe, Operations Director, said, “We are witnessing expanding influence on the global commodities market. VDEREX’s launch is a step in the right direction as interest in commodities trading has grown rapidly in recent years compared to more traditional forms of investment.”

The Vienna Derivatives Exchange’s first phase of agricultural product launches will be followed by multiple product launches to be introduced in the market after consultation with industry participants.

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