Successful Start For The European Exchange For Structured Products

The SWX Group/Deutsche Börse AG structured products joint venture – which operates in Switzerland under the name SWX Quotematch AG and in Germany as Börse Frankfurt Smart Trading AG – celebrated a very successful start in January 2007.

In Switzerland, turnover for the month was a record of just under CHF 7 billion, corresponding to 58 % growth versus the same year-earlier month. Over 2,000 new investment and leverage products were admitted to trading for the first time, representing a plus of 117 % versus January 2006. There are now more than 12,000 listed products in total.

A new turnover record was also achieved on the German market. January 2007 saw trading volumes of EUR 4.66 billion (January 2006: EUR 3.87 billion) on structured products (warrants and certificates) on the Frankfurt securities exchange. Investors now have some 147,000 products to choose from, an increase of around 88 % (January 2006: 78,000 instruments).