xetra - europe’s premier trading platform

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1、Europe’sPremierTradingPlatformXetra-Europe’sPremierTradingPlatform222¢Xetra-StructureandOverview2004¢DeutscheBörse–the“MarketsCompany”¢InternationalNetworkofMembers¢Pro-activeimplementationofmarketrequirements¢HighestTransparencyStandardsforIssuersinEuro

2、pe¢IndexWorld–ShopWindowforIssuers¢XetraProductOffering¢TradingonXetra¢ConnectiontoXetraStandAugust20042DeutscheBörseGroup-OverviewDeutscheBörse-the“MarketsCompany”333Theonlyfullyintegratedexchangeorganisationworldwide:Cashmarket–Derivativesmarket–Cleari

3、ng–Information–ITMarketListingandtradingnetworkMarketinformationinfra-structureandtechnologyClearing/Centralcounterparty(CCP)SettlementandcustodyStandAugust20043Xetra-StructureandOverview2004InternationalNetworkofMembers444¢Liquiditythroughwidespreadport

4、foliooftradingmembersNorway(1)UnitedKingdom(39)¢StrongliquidityinforeignsecuritiesthroughlocalIreland(4)expertiseofforeignmembersFinland(1)¢CostefficientEuropean-wideSweden(2)accessNetherlands(20)Belgium(5)Germany(151)Luxembourg(2)Austria(19)France(14)¢2

5、95membersin17countriesHungary(6)(August2004)¢49%ofmembersoutsidePortugal(1)Switzerland(14)Cyprus(1)GermanyGreece(2)¢4.084registeredtradersItaly(7)Spain(6)HostAccessPointAdditionalMemberSiteshttp://deutsche-boerse.comStandAugust20044Xetra-StructureandOver

6、view2004HighestTransparencyStandardsforIssuersinEurope555AdditionalRequirementsforissuers¢QuarterlyReporting¢Moresecurityandconfidence¢InternationalAccounting(IFRS/IAS/US-throughhighTransparencyGAAP)Prime¢Corporatecalendar¢InternationallycomparableStanda

7、rd¢ActiveInvestorRelations(Analystthroughclearstructureinconference)sectors¢Ad-hoc-newsinGermanandEnglish¢PreconditionforIndexadmission¢Continuousliquidityprovision=>InternationalStandardbyDesignatedSponsorsBasiclegalrequirementsGeneral¢AnnualReport+6mon

8、thsinterimStandardreport¢Ad-hoc-newsinGerman=>DomesticStandardStandAugust20045ProvidinginvestmentopportunitiesNewIndexframework–attractiveshowcasesforinvestors666FocusonPrimeclassicandtechnology,alltradedcontinuouslyImprov