Eurex, the international derivatives exchange, reported on Monday that a total of 199 million contracts were traded in March 2007. This is the strongest trading month ever on Eurex, an increase of approximately 34 percent compared with March 2006; the previous record trading month was May 2006 (174 million contracts).
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Clearstream processed 2.66 million international transactions in March 2007, a 9 percent rise over March 2006 (2.44 million). Of these transactions, 73 percent were Over the Counter transactions and 27 percent were registered as stock exchange transactions.
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Kookmin's bank, South Korea's leading bank and investment fund distributor, has chosen Vestima+, Clearstream's automated order routing service for the investment funds industry thus allowing Vestima+ to enter the Korean market, one of the biggest domestic markets in Asia for mutual funds.
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The Frankfurt Stock Exchange will be introducing a new segmentation structure for trading in around 14,000 bonds from 2 April onwards. The segments will differ in terms of execution time, spread and quote traffic.
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Eurex, the international derivatives exchange, will expand its product portfolio and introduce 17 single stock futures - on the Royal Dutch Shell shares and on the 16 sterling denominated components of the Dow Jones STOXX 50 index. The contracts will be available as of 21 May 2007.
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Clearstream, the international central securities depository within the Deutsche Börse Group, has successfully launched the Central Facility for Funds with the first two pilot firms, Schroder Investment Management and Pictet & Cie. CFF offers a more efficient post trade solution for investment funds domiciled in Luxembourg, the largest market in Europe for international funds with over € 1700 billion in assets under management.
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Walid Raad/ The Atlas Group has been awarded the "Deutsche Börse Photography Prize 2007àon Wednesday in London.The £30,000 prize aims to reward a living photographer of any nationality, who has made the most significant contribution to the medium of photography in Europe in the previous year, either for a significant exhibition or publication.
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The Dubai Financial Services Authority has with immediate effect granted Eurex the status of a Recognised Body within the Dubai International Financial Centre. The DFSA is the independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the DIFC.
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Deutsche Börse is further developing its management structure with the aim of improving the Group's focus on customer requirements and further increasing efficiency. The company positions itself along the three market areas cash market, derivatives market and securities settlement and custody, and streamlines decision-making processes.
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Clearstream, the International central securities depositary within the Deutsche Börse Group, is opening two new representative offices in Asia, in Singapore and in Tokyo, in order to better serve its growing number of Asian customers.
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Four partners have agreed to provide a framework to internationalize the German and Chinese financial markets. Tianjin Property Rights Exchange, State-owned Assets Supervision and Administration Commission of Tianjin Municipal People's Government, the German Agency for Technical Co-operation and Deutsche Börse Group signed a four-party Co-operation Term Sheet in Tianjin.
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The Exchange Council of the Frankfurt Stock Exchange resolved new criteria for the allocation of order books on Tuesday. The new procedure implements the guidelines set out by the ruling of Frankfurt Administrative Court, and makes use of the scope provided by the Court to take lead brokers' performance into account.
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