Annual Report Light Deutsche Börse Group in brief. By the way: In 2011 3.600 employees from 66 nations made € 2.233,3 million at 21 locations in 16 countries around the world.XetraThe electronic trading platform Xetra is one of the fastest and most efficient tradingplatforms for shares, bonds, warrants and options. Xetra is a synonym for theelectronification and internationalisation of securities trading.Xetra offers a direct link to capital markets, supports modern trading technologies andprovides a constantly increasing offer of tradable securities. European and Global Investorsare enabled to buy and sell financial products of all relevant asset classes.Xetra, Deutsche Börse Group’s business area for all cash market related processes provideslisting, trading and clearing services for issuers, intermediaries and investors. The tradingsystem is currently available between 9 am and 6 pm. Buy and sell orders can be submittedfrom anywhere around the world and are matched on a central system. Should the numberof positions and price be accordant the trade is automatically executed.In addition to the trading on Xetra, Deutsche Börse Group’s cash market segment organisesthe trading on the Frankfurt Stock Exchange and the Tradegate Exchange, a leadingexchange for private investors. Options and warrants can be traded via Scoach, theEuropean exchange for structured products.
Annual Report LightXetra in figures€ 275 million sales revenue, € 1,492 billion trading volume, over 800,000 tradablefinancial instruments, 240 trading institutions, more than 4,500 connected terminals, 18countries, 247 million executed transactions.EurexEurex consists of five companies, Eurex Exchange, International Securities Exchange,Eurex Clearing und Eurex Repo, covering the entire value chain of the regulatedderivatives market.The Eurex Exchange derivatives exchange provides global electronic access to exchange-traded derivatives in a growing number of asset classes. The offer is expanded by theproducts provided by the US-based International Securities Exchange, one of the world’slargest equity option exchanges.Eurex Clearing is Europe’s leading central counterparty and offers clearing services forderivatives, repos, equities and fixed-income securities for both exchange-traded and off-exchange transactions. Eurex Repo as a marketplace for collateralised financing, and Eurexbonds as an OTC bond trading platform complete Eurex’s wide range of services.Eurex in fingures€ 946 million sales revenue, 2,822 million traded contracts, 3,800 tradable products, 2billion transactions processed, 588 participants in 30 countries.
Annual Report LightClearstreamThe tremendous trading volumes on securities markets boost the demand for settlementand custody services. Clearstream International is Europe’s leading provider of these back-office services for shares and bonds in national and international trading.In the 1990s, Clearstream became a full bank and began to provide global custody servicesto financial institutions across the globe, covering not only international, but also domesticsecurities markets. In addition, Clearstream is the central securities depository for securitiestrading in Germany as well as Luxembourg, since 2011. Clearstream plays an important rolein mitigating market risks and has repeatedly been awarded “AA” credit ratings by the majorinternational rating agencies.Only a part of the value-added chain is generated by trading; the settlement of transactionsis far more complex. When a trade is concluded, the individual positions are entered andcash is settled for securities. This is followed by a credit entry in the customers custodyaccount and, parallel to this, the securities are held in a central depository. Most securitiesare no longer stored or transported physically but entered into electronic storage media – allthose processes are accompanied by Clearstream.Clearstream in figures€ 776 million sales revenue, more than 2,500 customers in over 110 countries, € 11trillion assets under custody, 126 million transactions processed
Annual Report LightMarket Data & AnalyticsExtensive information and analysis instruments are essential for successful participation inthe international capital market. Market Data & Analytics provides indices as underlyingsfor financial products or as standard of comparison for the fund industry.The three key customer groups are: issuers who mainly use indices as underlyings forderivative financial products; capital market participants and investment advisors who usereal-time price information and financial news to make their buy and sell decisions andrecommendations; and securities trading houses, who require precise reference andcompany-specific master data for risk management and for error-free settlement.Products and services of Market Data & Analytics contribute to the transparency of financialmarkets, permit in-depth market and risk analysis and provide reliable facts that allowinvestors to trade successfully.MD&A in figures€ 236 million sales revenue, 4,000 customers in 164 countries, 8,600 indices calculated,1 billion trading data items distributed daily, 140,000 supplied financial instruments.