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European Customers Commence Trading On Eurex US - Eurex US Can Now Be Accessed From Belgium, Finland, Germany, Gibraltar, Ireland, Sweden, Switzerland And The United Kingdom - Eurex US Receives Recognition From European Regulators

Date 27/02/2004

Eurex US will see a significant expansion of its customer base with additional European traders commencing trading on the new, fully-electronic U.S. futures and options exchange. Eurex US can now be accessed from Belgium, Finland, Germany, Gibraltar, Ireland, Sweden, Switzerland and the United Kingdom. Twenty-four new European member firms connected to Eurex US, bringing the total number of members to over 140 and the total number of traders to over 2,000. UK-based members of Eurex US with authorized FSA status are able to trade on Eurex US on the basis of the "Overseas Persons Exclusion", according to UK law. The Swiss Federal Banking Commission has granted a certificate of exemption for the connection of Eurex US' Swiss members.

Satish Nandapurkar, CEO of Eurex US said: "European customers now have direct access to U.S. Treasury products through our global liquidity network for the first time. We are very pleased with the strong feedback we have received from our European customers. We commend the regulatory authorities for their speed and diligence with regards to Eurex US."

"Connecting the European membership to Eurex US brings new opportunities in the trading and clearing of USD denominated products and adds value for both European and U.S. traders and investors. This is a further step towards our goal of creating a truly global marketplace," added Rudolf Ferscha, CEO of Eurex.

Eurex US commenced trading operations on February 8 from its Chicago headquarters. The exchange currently operates markets for futures and options on futures on 2-, 5- and 10-year Treasury notes and on 30-year Treasury bonds. The Chicago-based Clearing Corporation is acting as Eurex US' clearing organization in the U.S.