NASDAQ, DEUTSCHE BÖRSE TOP AVERAGE ETF TRADING VOLUME

Posted April 24, 2008

NEW YORK – The Nasdaq Stock Market has been named the largest exchange for exchange-traded funds (ETFs) in the Americas and the Deutsche Börse has been named the largest European ETF exchange by Exchangetradedfunds.com Inc., an ETF information provider.

The designations for the US and Europe were based on share volume as evaluated by Morgan Stanley. Nasdaq’s average daily share volume for ETFs in 2007 was 265.3 million, at an average daily value of $21.2 billion.

"We are elated that Nasdaq has been recognized as the largest and most liquid market for ETFs in the US,” says Chris Concannon, Executive Vice President, Transaction Services US, Nasdaq OMX Group, the parent of the Nasdaq Stock Market. “Nasdaq OMX is committed to duplicating this success by creating similarly deep pools of liquidity on our Pan-European Market.”

In 2007, Deutsche Börse had turnover of €108.9 billion ($170.6 billion) and a product offering of 278 ETFs. Deutsche Börse’s ETF volume is followed by NYSE Euronext, Borsa Italiana and the London Stock Exchange. The number of ETFs listed on the Deutsche Börse is now 316. For the first quarter of 2008, Deutsche Börse had turnover volume of €31.9 billion ($49.9 billion).

“Achieving market leadership is evidence of the great attraction in liquidity and cost structure for issuers and investors alike,” says Rainer Riess, Managing Director, Cash Market Development at Deutsche Börse. “We are pleased to be able to offer investors new and interesting investment prospects through our growing ETF offering in the future as well.”