ADX Becomes Seventeenth Exchange To Adopt NSC Trading System

The Australian Derivatives Exchange Limited, (ADX) has become the seventeenth exchange in the world to adopt NSC trading system. An agreement between Euronext SBF SA,ParisBourse SBF SA's information technology subsidiary, and ADX has been signed by which the newly created Australian futures market will use NSC by September 2000. ADX was formed in July 1998 by a group of independant derivatives market participants and has strategically positioned itself to develop a new financial market based on leading edge technology and innovative financial products. " Australian Derivatives Exchange Ltd. views the signing of the license agreement with Euronext as a significant milestone. One of the cornerstones of our strategy is the provision of a proven technology platform which creates for Australian market participants wider and improved access to domestic and international derivatives markets " said John Herron, ADX's Managing Director. "ParisBourse is very pleased that Australian Derivatives Exchange has decided to adopt NSC, the internationally proven market technology developed by our exchange to establish a new electronic financial market in Australia " said Jean-François Théodore, ParisBourse SBF SA's Chairman. This agreement follows an intent letter signed last July which also included an agreement for Euronext to provide project implementation services to assist in the deployment of the trading system in Australia.