The Belgium Futures and Options Exchange (BELFOX) was the

derivative In mathematics, the derivative is a fundamental tool that quantifies the sensitivity to change of a function's output with respect to its input. The derivative of a function of a single variable at a chosen input value, when it exists, is t ...

s exchange of

Belgium Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeas ...

that was established in 1991 and merged with the

Brussels Stock Exchange The Brussels Stock Exchange ( ; ), abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam Stock Exchange, Amsterdam, Lisbon Stock Exchange, Lisbon and Paris Bourse, Paris ...

in 2000. Belfox was founded as a cooperation between important players in the Belgian

financial market A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial marke ...

s. The Belfox market offered electronic trading and clearing facilities on derivatives (

futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded *''Modern Trader'', formerly Futures, an American finance magazine Music * ''Futures' ...

and options). The underlying values were stocks of major Belgian companies.

History

The exchange was established in 1991. A new advanced trading system BTS was launched in 1998, intending to increase instrument and enhance speed flexibility. Jos Schmitt acted as

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

until Belfox merged with the

Brussels stock exchange The Brussels Stock Exchange ( ; ), abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam Stock Exchange, Amsterdam, Lisbon Stock Exchange, Lisbon and Paris Bourse, Paris ...

and CIK, forming BXS (Brussels eXchangeS). This merger took place in 2000, and BXS merged with French and Dutch stock exchange companies into

Euronext Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities, exchange-traded funds (ETF), warrant ...

. A new exchange under the NYSE Euronext banner was opened, consolidating other Euronext exchanges in November 2007. The new exchange is called formally NYSE EURONEXT - EURONEXT BRUSSELS - DERIVATIVES. The code for the exchange was BEL20, with an

ISIN Isin (, modern Arabic language, Arabic: Ishan al-Bahriyat) is an archaeological site in Al-Qādisiyyah Governorate, Iraq which was the location of the Ancient Near East city of Isin, occupied from the late 4th millennium Uruk period up until at ...

BE0389555039. It comprises 20 stocks. The Reuters Exchange mnemonic for Belfox was 'b'. It had an ISO MIC of XBFO. The replacement exchange had an ISO MIC of XBRD.

References

{{reflist Stock exchanges in Europe Futures exchanges Finance in Belgium