Ad-hoc | 12 December 2006 14:20
Eurex to modify prices with view to further growth
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Eurex is to launch an incentive program designed to increase client
proprietary trading as well as comprehensive measures to further optimize
Eurex technology. Both measures aim primarily to increase fully
computer-supported trading, known as ‘algorithmic trading’. Furthermore,
prices in individual product groups will be harmonized in a drive to make
the products in question even more attractive.
These measures represent a key step in implementing the initiatives as part
of the company‘s strategic plan to promote further growth and specify the
investment plan for the Eurex segment unveiled as part of the Q3 results in
November. Applying the fee model that will become effective 1 February 2007
to the first nine month of 2006, sales revenues from trading and clearing
at Eurex would have been reduced by around 25 to 30 million euros. This
price reduction will affect Deutsche Börse and SWX Swiss Exchange in
accordance with the profit allocation ratio of 85:15. The price reductions
are countered by the positive effects of the expected acceleration in
growth. In Deutsche Börse’s cash market the introduction of volume
discounts for algorithmic trading has already proved successful.
Contact:
Walter Allwicher
Tel.: +49-69-21 11 15 00
(c)DGAP 12.12.2006
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Language: English
Issuer: Deutsche Börse AG
Neue Börsenstraße 1
60487 Frankfurt am Main Deutschland
Phone: +49 (0)69 211 – 0
Fax: +49 (0)69 211 – 1 20 0
E-mail: info@deutsche-boerse.com
WWW: www.deutsche-boerse.com
ISIN: DE0005810055
WKN: 581005
Indices: DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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