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1、Europe’sPremierTradingPlatformXetra-Europe’sPremierTradingPlatform222¢Xetra-StructureandOverview2004¢DeutscheB?rse–the“MarketsCompany”¢InternationalNetworkofMembers¢Pro-activeimplementationofmarketrequirements¢HighestTransparencyStandardsforIssuersinEuro
2、pe¢IndexWorld–ShopWindowforIssuers¢XetraProductOffering¢T(mén)radingonXetra¢ConnectiontoXetraStandAugust20042DeutscheB?rseGroup-OverviewDeutscheB?rse-the“MarketsCompany”333Theonlyfullyintegratedexchangeorganisationworldwide:Cashmarket–Derivativesmarket–Cleari
3、ng–Information–ITMarketListingandtradingnetworkMarketinformationinfra-structureandtechnologyClearing/Centralcounterparty(CCP)SettlementandcustodyStandAugust20043Xetra-StructureandOverview2004InternationalNetworkofMembers444¢L(zhǎng)iquiditythroughwidespreadport
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