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Eurex At Continuing High Level - 39.8 Million Contracts Traded - Record Turnover In Futures On The Dow Jones Euro STOXX 50 - Good Start For Derivatives On Nemax 50

Date 03/07/2000

Eurex, the European derivatives market, achieved excellent results in June with 39.8 million contracts traded, an increase of 3.7 percent over the June 1999 volume. A total of about 237 million contracts have already been traded at Eurex this year. Thus, after only two quarters, trading volume is almost up to the level recorded for all of 1998 (248 million contracts).

Trading in capital market products at Eurex had another extremely favorable month in June. Outstanding results were achieved in derivatives on short-term federal government bonds. The option on the Schatz, with about 232,000 contracts traded in June, posted its second-best monthly volume after 270,000 contracts traded in May. Some 4.3 million contracts changed hands in the Schatz future, double the number traded in June last year. The Bobl future also posted its second-best monthly total to date with about 6 million contracts traded. The Bund future, still the world's most heavily traded futures contract, maintained its benchmark position in long-term interest-rate futures with 13.5 million contracts traded in June.

The index products again achieved very good results with 6.1 million contracts traded. The derivatives on the Dow Jones Euro STOXX 50 made a major contribution to this performance. Futures on the European benchmark index set a new record in June with 1.55 million contracts traded in these products; the previous record was set in March 2000 with 1.4 million contracts traded. The volume traded in these futures in June was about 150 percent higher than the figure for the same month of last year. The newly launched derivatives on the Nemax 50 index show an extremely favorable trend: after no more than 10 trading days, 12,000 contracts had already been traded on the index.

Eurex also posted outstanding results in the equity options: with some 7.1 million contracts traded in June, the segment recorded its third-highest monthly performance to date and topped the number traded in June last year by 40 percent. In the Finnish products, the option on Nokia in particular showed strong increases again in June: With 175,000 contracts traded, turnover in the option rose considerably over the May volume, beating the previous month's record by 33 percent.