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FWB And Eurex Open For Trading On Wednesday - No Exchange Trading In US Stocks - Launch Of Planned US Segment Postponed

Date 12/09/2001

In consultation with other leading European exchanges, the General Management of the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierbörse) and Eurex have decided to keep both exchanges open for trading on Wednesday, as usual. In a regulated environment, the exchanges provide the ongoing reliable framework for valuation, guarantee the availability of trading for private and institutional investors and enable the hedging of market risks. FWB and Eurex are thus ensuring the viability and functioning operation of the financial markets. With this in mind, Deutsche Börse - like the other European exchanges - had also remained open for trading on Tuesday. Due to the events in the United States, no trading will take place in U.S. stocks on Wednesday, which can be taken out of the market on short notice.

Eurex is suspending trading in futures and options on the Dow Jones Global Titans index, since more than half of all stocks in the index originate in the United States. Trading in U.S. stocks was also interrupted for about an hour at 4:30 p.m. (Frankfurt time) on Tuesday afternoon, after the dimensions of the catastrophe and the impact on the markets became apparent. Deutsche Börse was in constant contact with the European Central Bank, the Deutsche Bundesbank, the German Federal Ministry of Finance and the Hessian exchange supervisory authority. Trading in equities at FWB and in equity-based derivatives on German underlying instruments at Eurex ended on Tuesday at 7:15 p.m. (Frankfurt time). At that time, trading in money-market and capital market products as well as in equity-based derivatives on non-German underlying instruments had closed as usual. Orderly trading was assured throughout the entire trading period.

Due to the events in the United States, Deutsche Börse and Eurex will also postpone the launch of the planned segment for U.S. stocks.