<b>Eurex to offer euro gold contract</B>
Futures and options on Xetra-Gold to be launched on 28 September 2010
The international derivatives exchange Eurex today announced that it
will launch futures and options on Xetra-Gold, the leading exchange-
traded commodity (ETC) in Germany by order book turnover. The new
gold contracts are set to launch on 28 September 2010.
Xetra-Gold is a zero-coupon bond denominated in euro and issued by
Deutsche Börse Commodities GmbH. Launched in December 2007, Xetra-
Gold is traded on Xetra®, Deutsche Börse AGâs pan-European
electronic trading platform for the cash market.
"Commodities are a widely used asset class for its diversification
benefits and low correlation to other markets. In particular, gold
tends to be a popular investment as itâs considered a safe haven
during uncertain economic times. Combining two benchmark currencies,
euro and gold, in a single product, Xetra-Gold has proven to be a
highly liquid and widely traded instrument among European investors.
The new futures and options give our members further access to the
gold market and will provide more flexibility to suit their specific
needs," said Peter Reitz, Eurex Executive Board
member. "Furthermore, Eurex Clearing will accept Xetra-Gold as
collateral starting on 27 August."
The Xetra-Gold derivatives are the latest addition to Eurexâs
precious metals derivatives. Since February 2009, Eurex has been
offering US-dollar denominated gold futures and options based on
fixing prices of the London Bullion Market. Silver futures and
options based on the London Silver Fixing followed shortly after in
June 2009.
The new contracts will be denominated in euro and will be physically
settled with the delivery of the underlying Xetra-Gold ETC.
Additionally, in a separate transaction between the holder of the
ETC and Deutsche Börse Commodities, he has the right to request
delivery of physical gold. Expiration dates of the derivatives will
be on the third Friday of the next three calendar months as well as
in March, June, September and December.
In the second quarter of 2010, Xetra-Gold achieved record inflows of
9.6 tons of gold. Electronic trading volume also totaled 757.3
million euro, an increase of 55 percent over the first quarter of
2010. Xetra-Gold is the most traded ETC available on Xetra,
representing a 37 percent share of order book volume in the ETC
segment.
About Eurex
The international derivatives exchange Eurex, jointly operated by
Deutsche Börse AG and SIX Swiss Exchange, organizes markets
globally. Eurex is home to the Euro zone interest rate and equity
index benchmark derivatives.
Eurexâs portfolio of markets includes International Securities
Exchange, a leading U.S. options exchange. The ECNs Eurex Repo and
Eurex Bonds round out Eurexâs offering for repo and bond trading. In
addition, Eurex provides an automated and integrated clearing house,
Eurex Clearing AG. Eurexâs global liquidity network comprises around
420 direct exchange members in 26 countries worldwide. For more
information about Eurex, visit www.eurexchange.com.
About Xetra-Gold
The Xetra-Gold bearer bond (ISIN: DE000A0S9GB0) combines the
advantages of physical gold with the transparency and low costs of
exchange-trading of securities. There is no ongoing management fee.
Each bearer bond represents the option of delivery of one gram of
gold and can be bought or sold continuously via the Xetra trading
platform. Clearstream Banking Frankfurt (CBF), a Deutsche Börse
subsidiary, stores the gold in its vault. The physical gold is
supplied, monitored and processed by industry partner Umicore AG &
Co. KG. The safe custody of the gold reserves at Clearstream meets
high security standards and saves investors the costs of
transporting and physically storing the gold.
Private investors can obtain the underlying gold in physical form
from their bank if desired. The physically backed debt instrument
Xetra-Gold was admitted for trading in December 2007 and has since
become the commodity with the highest turnover of all ETCs listed on
Deutsche Börse. The product meets the provisions of the European
UCITS directive.
About Deutsche Börse Commodities GmbH
The issuer, Deutsche Börse Commodities GmbH, based in Frankfurt, is
a joint venture between Deutsche Börse AG and the banking partners
Commerzbank AG, Deutsche Bank AG, DZ Bank AG, B. Metzler seel. Sohn
& Co. KGaA, and Swiss-based bank Vontobel. Umicore AG & Co. KG, a
Group subsidiary of Umicore s.a., which operates several gold
refineries across the globe and manufactures gold bars, is also a
partner. The partners bundle their stock exchange, financial market,
settlement, custody and logistics expertise and provide an efficient
and transparent market in the financial centre of Frankfurt for gold
trading in Europe. With just one product, Deutsche Börse Commodities
GmbH is the second largest issuer of ETCs/commodity certificates
traded on stock exchanges in Germany.
Xetra® and Xetra-Gold® are registered trademarks of Deutsche Börse
AG.
http://deutsche-boerse.com/xetragold
For further information please visit http://www.eurexchange.com
Futures and options on Xetra-Gold to be launched on 28 September 2010
The international derivatives exchange Eurex today announced that it
will launch futures and options on Xetra-Gold, the leading exchange-
traded commodity (ETC) in Germany by order book turnover. The new
gold contracts are set to launch on 28 September 2010.
Xetra-Gold is a zero-coupon bond denominated in euro and issued by
Deutsche Börse Commodities GmbH. Launched in December 2007, Xetra-
Gold is traded on Xetra®, Deutsche Börse AGâs pan-European
electronic trading platform for the cash market.
"Commodities are a widely used asset class for its diversification
benefits and low correlation to other markets. In particular, gold
tends to be a popular investment as itâs considered a safe haven
during uncertain economic times. Combining two benchmark currencies,
euro and gold, in a single product, Xetra-Gold has proven to be a
highly liquid and widely traded instrument among European investors.
The new futures and options give our members further access to the
gold market and will provide more flexibility to suit their specific
needs," said Peter Reitz, Eurex Executive Board
member. "Furthermore, Eurex Clearing will accept Xetra-Gold as
collateral starting on 27 August."
The Xetra-Gold derivatives are the latest addition to Eurexâs
precious metals derivatives. Since February 2009, Eurex has been
offering US-dollar denominated gold futures and options based on
fixing prices of the London Bullion Market. Silver futures and
options based on the London Silver Fixing followed shortly after in
June 2009.
The new contracts will be denominated in euro and will be physically
settled with the delivery of the underlying Xetra-Gold ETC.
Additionally, in a separate transaction between the holder of the
ETC and Deutsche Börse Commodities, he has the right to request
delivery of physical gold. Expiration dates of the derivatives will
be on the third Friday of the next three calendar months as well as
in March, June, September and December.
In the second quarter of 2010, Xetra-Gold achieved record inflows of
9.6 tons of gold. Electronic trading volume also totaled 757.3
million euro, an increase of 55 percent over the first quarter of
2010. Xetra-Gold is the most traded ETC available on Xetra,
representing a 37 percent share of order book volume in the ETC
segment.
About Eurex
The international derivatives exchange Eurex, jointly operated by
Deutsche Börse AG and SIX Swiss Exchange, organizes markets
globally. Eurex is home to the Euro zone interest rate and equity
index benchmark derivatives.
Eurexâs portfolio of markets includes International Securities
Exchange, a leading U.S. options exchange. The ECNs Eurex Repo and
Eurex Bonds round out Eurexâs offering for repo and bond trading. In
addition, Eurex provides an automated and integrated clearing house,
Eurex Clearing AG. Eurexâs global liquidity network comprises around
420 direct exchange members in 26 countries worldwide. For more
information about Eurex, visit www.eurexchange.com.
About Xetra-Gold
The Xetra-Gold bearer bond (ISIN: DE000A0S9GB0) combines the
advantages of physical gold with the transparency and low costs of
exchange-trading of securities. There is no ongoing management fee.
Each bearer bond represents the option of delivery of one gram of
gold and can be bought or sold continuously via the Xetra trading
platform. Clearstream Banking Frankfurt (CBF), a Deutsche Börse
subsidiary, stores the gold in its vault. The physical gold is
supplied, monitored and processed by industry partner Umicore AG &
Co. KG. The safe custody of the gold reserves at Clearstream meets
high security standards and saves investors the costs of
transporting and physically storing the gold.
Private investors can obtain the underlying gold in physical form
from their bank if desired. The physically backed debt instrument
Xetra-Gold was admitted for trading in December 2007 and has since
become the commodity with the highest turnover of all ETCs listed on
Deutsche Börse. The product meets the provisions of the European
UCITS directive.
About Deutsche Börse Commodities GmbH
The issuer, Deutsche Börse Commodities GmbH, based in Frankfurt, is
a joint venture between Deutsche Börse AG and the banking partners
Commerzbank AG, Deutsche Bank AG, DZ Bank AG, B. Metzler seel. Sohn
& Co. KGaA, and Swiss-based bank Vontobel. Umicore AG & Co. KG, a
Group subsidiary of Umicore s.a., which operates several gold
refineries across the globe and manufactures gold bars, is also a
partner. The partners bundle their stock exchange, financial market,
settlement, custody and logistics expertise and provide an efficient
and transparent market in the financial centre of Frankfurt for gold
trading in Europe. With just one product, Deutsche Börse Commodities
GmbH is the second largest issuer of ETCs/commodity certificates
traded on stock exchanges in Germany.
Xetra® and Xetra-Gold® are registered trademarks of Deutsche Börse
AG.
http://deutsche-boerse.com/xetragold
For further information please visit http://www.eurexchange.com