Successful Start For European Exchange

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 7 billion CHF, 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 4.66 billion EUR (January 2006: 3.87 billion EUR) on structured products (warrants and certificates) at Börse Frankfurt. Investors now have some 147.000 products to choose from, an increase of around 88 % (January 2006: 78.000 instruments). -- www.deutsche-boerse.com