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1、Europe’sPremierTradingPlatformXetra-Europe’sPremierTradingPlatform222￠Xetra-StructureandOverview2004￠DeutscheB?rse–the“MarketsCompany”￠InternationalNetworkofMembers￠Pro-activeimplementationofmarketrequirements￠HighestTransparencyStandardsforIssuersinEuro
2、pe￠IndexWorld–ShopWindowforIssuers￠XetraProductOffering￠TradingonXetra￠ConnectiontoXetraStandAugust20042DeutscheB?rseGroup-OverviewDeutscheB?rse-the“MarketsCompany”333Theonlyfullyintegratedexchangeorganisationworldwide:Cashmarket–Derivativesmarket–Cleari
3、ng–Information–ITMarketListingandtradingnetworkMarketinformationinfra-structureandtechnologyClearing/Centralcounterparty(CCP)SettlementandcustodyStandAugust20043Xetra-StructureandOverview2004InternationalNetworkofMembers444￠Liquiditythroughwidespreadport
4、foliooftradingmembersNorway(1)UnitedKingdom(39)￠StrongliquidityinforeignsecuritiesthroughlocalIreland(4)expertiseofforeignmembersFinland(1)￠CostefficientEuropean-wideSweden(2)accessNetherlands(20)Belgium(5)Germany(151)Luxembourg(2)Austria(19)France(14)￠2
5、95membersin17countriesHungary(6)(August2004)￠49%ofmembersoutsidePortugal(1)Switzerland(14)Cyprus(1)GermanyGreece(2)￠4.084registeredtradersItaly(7)Spain(6)HostAccessPointAdditionalMemberSiteshttp://deutsche-boerse.comStandAugust20044Xetra-StructureandOver
6、view2004HighestTransparencyStandardsforIssuersinEurope555AdditionalRequirementsforissuers￠QuarterlyReporting￠Moresecurityandconfidence￠InternationalAccounting(IFRS/IAS/US-throughhighTransparencyGAAP)Prime￠Corporatecalendar￠InternationallycomparableStanda
7、rd￠ActiveInvestorRelations(Analystthroughclearstructureinconference)sectors￠Ad-hoc-newsinGermanandEnglish￠PreconditionforIndexadmission￠Continuousliquidityprovision=>InternationalStandardbyDesignatedSponsorsBasiclegalrequirementsGeneral￠AnnualReport+6mon
8、thsinterimStandardreport￠Ad-hoc-newsinGerman=>DomesticStandardStandAugust20045ProvidinginvestmentopportunitiesNewIndexframework–attractiveshowcasesforinvestors666FocusonPrimeclassicandtechnology,alltradedcontinuouslyImprov
