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FTSE Mondo Visione Exchanges Index:

Eurex Turns Over 87.6 Million Contracts In July - Turnover Increases 13 Percent Year On Year - Record Results In Dutch And French Equity Options

Date 01/08/2003

Eurex, the international derivatives market, traded and cleared 87.6 million contracts in July, which represents a 13 percent increase over July 2002 (77.5 million contracts). During the first seven months of 2003, market participants connected to Eurex from 650 locations worldwide turned over a total of some 612 million contracts.

The fixed-income products were the highest-turnover segment in July with some 52 million contracts traded, accounting for over half of the total Eurex volume. Year on year, trading volume in this segment grew by some 28 percent. The Euro-Bund future was still the most successful product with 24.2 million contracts traded, roughly 33 percent higher than in July the year before. In the Euro-Bobl future, volume of 13.5 million contracts was traded, increasing by about 42 percent against July 2002.

In equity-based derivatives, 35.5 million contracts were traded in July, comprising 18.3 million contracts in the equity-index derivatives segment and 17.2 million contracts in the equity-options segment. The leading equity-index derivatives contract in July was again the futures contract on the DJ Euro STOXX 50 index with 7.7 million contracts traded. In the option on the DJ Euro STOXX 50 index, 4.2 million contracts changed hands. The strongest equity options contract in July was the option on Allianz, which achieved its second-highest result to date with some 2.7 million contracts traded (April 2003: 2.9 million contracts).

Dutch and French equity options posted new record results in July: Eurex, the world's leading equity options exchange, showed 32 percent growth, year on year, in options on Dutch equities and set a new record in volume with some 769,000 contracts traded (Previous record: July 2002: 584,266 contracts). This gives it a market share of 13.6 percent of the total Dutch market. In the French equity options at Eurex, with 213,000 contracts traded, volume has grown more than sixfold year on year, gaining a share of about 15.7 percent of the trading in French equity options, measured in terms of the nominal value of the options traded (the nominal value of the transactions).

Eurex Bonds, the electronic trading platform that rounds out the Eurex offerings in the fixed-income segment, also reported an increase in trading activity in July 2003: With turnover of 17.4 billion euros (single counting) in July, Eurex Bonds topped its previous year's figure by 21 percent. Volume amounting to 6.6 billion euros in July has already been traded via the new Pre-Arranged Trade Facility.