TFX and Deutsche Boerse sign a license agreement for the DAX index

Tokyo Financial Exchange Inc. (TFX) and Deutsche Boerse AG have signed an agreement which allows TFX to list a DAX® derivatives contract on TFX. The German equity index DAX® comprises the 30 largest blue chip companies listed at Deutsche Boerse’s cash market Xetra and represents around 80 percent of the market capital that is authorized in Germany.

The derivative product planned to be listed on TFX is an exchange equity index margin contract to be called “Click Kabu 365” in Japan. The DAX® margin contract will be a yen denominated product targeted at retail investors. By listing this product on an exchange in Japan, Japanese investors will be able to become more familiar with one of Europe’s benchmark equity indices.

“We are pleased to cooperate with Tokyo Financial Exchange to offer Asian investors access to the performance of the major German blue-chips. By licensing the DAX index to TFX, we are making the leading German index directly available to market participants in Asia; while at the same time we are strengthening our global presence,” added Hartmut Graf, chief executive officer, STOXX Ltd., which is the marketing agent for the indices of Deutsche Boerse AG and SIX Group AG, amongst them the DAX and SMI indices.

[Enquiries related to this press release]

Tokyo Financial Exchange Inc.,
CFD Taskforce,
phone：03-4578-2445,
URL：http://www.tfx.co.jp

Eurex/Deutsche Boerse
Heiner Seidel　+49-69-2 11-1 15 00

[Reference]

About DAX

The DAX® index is Germany’s best-known equity index. It is designed to provide a representative picture of the German equity market by utilizing clearly defined and rule-based criteria, such as market capitalization and exchange turnover. Represented in the index are all sectors of the German economy which have a pivotal influence on market activities, including construction, automotive industry, banks, technology and utilities. Examples for components are: Adidas, BMW, Daimler and Siemens. The DAX® index was launched on 1 July 1988. It is reviewed quarterly. The index is available in euro and calculated in price and total return versions.

Derivatives based on the DAX® index are currently traded at Eurex, Europe’s largest derivatives exchange with around 420 members globally. Eurex is part of Deutsche Boerse Group. At the end of September 2010, the average daily volume (ADV) of Eurex’s DAX future is around 165,500 contracts, the DAX option at Eurex has an ADV of approximately 301,000 contracts.

About Tokyo Financial Exchange (TFX)

Tokyo Financial Exchange Inc. (aka. TFX) was established in April 1989 under the Financial Futures Trading Law of Japan. In April 1989, TFX was established as a membership organization with the capital provided by large sized financial institutions from around the globe, and in April 2004, was demutualized and incorporated in order to strengthen corporate governance as well as to enhance convenience and transparency of the market. In addition, because the Financial Futures Trading Law was abolished and the Financial Instruments and Exchange Law, which was revised with the Securities and Exchange Law, was enforced in September 2007, TFX transformed from a “Financial Futures Exchange” that handles only financial futures, into a more comprehensive “Financial Exchange” that handles any kind of financial product.

About Deutsche Boerse Group

STOXX

Deutsche Boerse AG and SIX Group AG are sole shareholders of STOXX Limited, a global index provider best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600. As of July 1, 2010, STOXX Limited is the marketing agent for the indices of Deutsche Boerse AG and SIX Group AG, amongst them the DAX and SMI indices.
For more information visit: www.stoxx.com

Eurex

The international derivatives exchange Eurex, jointly operated by Deutsche Boerse AG and SIX Swiss Exchange, organizes markets globally. Eurex is home to the Euro zone interest rate and equity index benchmark derivatives. Eurex’s portfolio of markets includes International Securities Exchange, a leading US equity options exchange. In addition, Eurex provides an automated and integrated clearing house, Eurex Clearing AG. Eurex’s global liquidity network comprises around 420 direct exchange members in 27 countries worldwide.
For more information about Eurex, visit www.eurexchange.com.