DEUTSCHE BÖRSE TO ADD FUNDS TO XETRA ELECTRONIC SYSTEM

Posted June 18, 2008

FRANKFURT – The Deutsche Börse plans to launch a new version of its Xetra electronic trading system at the end of 2008. Version 9.1 promises fully electronic Europe-wide fund trading, for the more than 260 banks and brokerage firms from European countries outside Germany that use Xetra.

“A new era of exchange fund trading will start with Xetra 9.1. Investors can thus engage in investment fund trading across Europe and benefit from the quickest order execution at the best prices,” says Rainer Riess, Managing Director Cash Market Development at Deutsche Börse.

Previously, the Frankfurt Stock Exchange offered fund trading on its floor since May 2006, reaching a market share of 42 percent of order book volume to lead the German market. The addition of fund trading to Xetra is part of Deutsche Börse’s European growth strategy, and the Deutsche Börse promises "improved flexibility and efficiency, and lower cost," in fund trading.