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Unscheduled adjustment in SDAX

Mi., 2019/06/19 - 22:00
On Wednesday, Deutsche Börse announced an unscheduled change to SDAX. The free float of Hapag-Lloyd AG has decreased from 10.59 per cent to 8.72 per cent.  According to the Guide to the Equity Indices of Deutsche Börse AG, section 5.1.2. Breach of the Basis Criteria (minimum free float of 10 per cent), Hapag-Lloyd AG shares will be deleted from the SDAX index as of 24 June 2019. They will be replaced by DMG MORI AG. The next scheduled review for the equity indices of Deutsche Börse AG is 4 September 2019.  SDAX® is a registered trademark of Deutsche Börse AG. About Deutsche Börse – Market Data + Services In the area of data, Deutsche Börse Group is one of the world’s leading service providers for the securities industry with products and services for issuers, investors, intermediaries, and data vendors. The Group’s portfolio covers the entire value chain in the financial business. The business unit Market Data + Services is part of Deutsche Börse’s Post-Trading, Data & Index division and encompasses the Group’s extensive market data and index offering as well as regulatory services. The product and service range includes real-time and historical data from the Group’s trading venues Eurex and Xetra as well as from cooperation partners. It also spans more than 12,000 indices including the STOXX® and DAX® index families, the Regulatory Reporting Hub offering as well as reference data for more than 1,700,000 securities. Media contact:  Andreas v. Brevern andreas.von.brevern@deutsche-boerse.com +49-(0) 69-2 11-1 42 84

Eurex expands its global footprint together with Barclays

Do., 2019/06/13 - 10:00
Barclays has joined EurexOTC Clear to support Eurex in expanding its distribution network in the U.S. In so doing, Barclays is the first European bank to offer Eurex’s OTC clearing services through its U.S. registered futures commission merchant (FCM) to U.S. clients. The first transaction has been already successfully cleared.  This latest development demonstrates the continuing increase in U.S. demand for Eurex’s OTC clearing services. In Q1 2019, Citi was the first U.S.-based FCM which began offering its clients swap clearing through Eurex Clearing. Also, in early 2019, two U.S.-based Swap Execution Facilities (SEF), Bloomberg and Tradeweb, established direct connectivity with Eurex OTC clearing granting U.S. clients the ability to directly submit their executed swap transactions to Eurex Clearing. Stephen Li, Barclays Head of ADS Americas said: “We are pleased to connect to Eurex Clearing from the U.S. as it demonstrates Barclays’ commitment to provide choice and meet clients’ needs for an alternative liquidity pool in euro interest rate swap clearing.”   Tim Gits, Head of Fixed Income Sales Americas at Eurex: “Barclays is a great addition to our EurexOTC Clear offering and a testament to the growing interest we are experiencing in the U.S. The growth we have seen from U.S. institutions since receiving CFTC approval in late 2018 has been very encouraging, and the number of FCMs and clients in the pipeline is very promising.” In December 2018, Eurex Clearing had received approval from the Commodity Futures Trading Commission (CFTC) to offer customer swap clearing in the U.S. in addition to the clearing services for futures already provided. In this context, Eurex Clearing had launched a legal framework that complies with the LSOC (Legally Segregated Operationally Commingled) requirements stipulated by the CFTC for the clearing of customer swap transactions. About Eurex Clearing Eurex Clearing is one of the leading central counterparties globally — assuring the safety and integrity of markets while providing innovation in risk management, clearing technology and client asset protection. Eurex Clearing serves about 200 Clearing Members in 20 countries, managing a collateral pool of EUR 56 billion and clearing trades valued at EUR 23 trillion (double counted) every month. About Barclays  Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.   Media contact:  Irmgard Thiessen +49-69-211-15911 irmgard.thiessen@deutsche-boerse.com James White Tel: +44 (0)207 7731782 James.xa.white@barclays.com

Grenke AG new joiner in MDAX

Mi., 2019/06/05 - 22:00
On Wednesday, Deutsche Börse announced changes to its selection indices, which will become effective on 24 June 2019. The shares of Grenke AG will be included in the MDAX index and will replace the shares of Wacker Chemie AG, which will be included in the SDAX index. The exclusion is based on the fast-exit rule.  Vossloh AG will leave the SDAX index. New addition will be Eckert & Ziegler Strahlen- und Medizintechnik AG. The fast-exit rule also applies here. The constituents of the indices DAX and TecDAX remain unchanged. The next scheduled review for the equity indices of Deutsche Börse AG is 4 September 2019. DAX®, MDAX®, SDAX® and TecDAX® are registered trademarks of Deutsche Börse AG. About Deutsche Börse – Market Data + Services In the area of data, Deutsche Börse Group is one of the world’s leading service providers for the securities industry with products and services for issuers, investors, intermediaries, and data vendors. The Group’s portfolio covers the entire value chain in the financial business. The business unit Market Data + Services is part of Deutsche Börse’s Post-Trading, Data & Index division and encompasses the Group’s extensive market data and index offering as well as regulatory services. The product and service range includes real-time and historical data from the Group’s trading venues Eurex and Xetra as well as from cooperation partners. It also spans more than 10,000 indices including the STOXX® and DAX® index families, the Regulatory Reporting Hub offering as well as reference data for more than 1,700,000 securities. Media contact:  Andreas v. Brevern andreas.von.brevern@deutsche-boerse.com +49-(0) 69- 2 11-1 42 84

Learn to grow: Programme for start-ups reloaded

Mi., 2019/06/05 - 11:30
Deutsche Börse Venture Network and UnternehmerTUM have significantly expanded their joint training programme for growth companies. In addition to new content, the two partners have extended the duration of the trainings in order to create more space for personal exchange. The next round will start on 18 June. The sessions will take place in Munich, Berlin and Frankfurt. The programme is aimed at start-ups from Series A onwards in all industries. With impulse lectures, workshops and individual coaching, it supports them in taking their next steps down the growth path and helps them to deal with the capital market at an early stage. Speakers include entrepreneurs, industry experts, venture capitalists and professors. “The new trainings are deliberately designed in a flexible way. Companies can choose the modules that match their individual situation, right up to preparing for a possible IPO,” says Peter Fricke, Head of Deutsche Börse Venture Network. “The feedback from the participants also showed that the right content is offered, but more time is needed for exchange both with the speakers and other participants. The founders also want to learn from each other.” The first three modules are aimed at early-stage companies. In the first session, participants learn how to convince investors and develop an individual storyline: “We have added an experience report on the Simple Rules strategy. So how to implement your growth strategy using simple, operational principles. The topic of term sheet negotiations is also new and meets the needs of entrepreneurs,” explains Oliver Bücken, head of Entrepreneurship and Tech Education at UnternehmerTUM. Module 2 deals, among other things, with the question what type of financing is suitable for the next growth phase and how the right investors can be found. Strategic decision-making, personnel and crisis management are the topics of the third module. Modules 4 to 6 are designed for later-stage companies – i.e. with a sales volume of approx. €10 million or more. Module 4 shows how processes and structures are optimised in international expansion. Module 5 deals with details on debt and VC financing in later stages, the analysis of the company's own growth challenges and planning the next steps. The last module shows participants the way to the capital market and prepares them for a possible IPO. Deutsche Börse Venture Network was founded in June 2015 with the aim of improving the financing situation of start-ups in Germany and establishing an ecosystem for growth. It consists of three pillars: financing, networking and training. Its members include more than 175 companies and more than 350 international investors. In 90 financing rounds, the start-ups represented in the network have collected a total of around $2.4 billion. Seven companies are now listed on the Frankfurt Stock Exchange. Further information is available at www.executive-trainings.com.

Cash markets achieve turnover of 146.0 billion euros in May

Mo., 2019/06/03 - 12:00
Deutsche Börse’s cash markets generated a turnover of €146.0 billion in May (previous year: €145.8 billion). Of the €146.0 billion, €131.4 billion were attributable to Xetra (previous year: €134.1 billion), bringing the average daily Xetra trading volume to €6.0 billion. Trading volume on Börse Frankfurt was €3.2 billion (previous year: €3.3 billion) and on Tradegate Exchange €11.4 billion (previous year: €8.3 billion). By type of asset class, shares accounted for around €131.3 billion in the entire cash market. Trading in ETFs/ETCs/ETNs generated a turnover of €12.8 billion. Turnover in bonds was €0.4 billion, in certificates €1.2 billion and in funds €0.2 billion. The DAX and TecDAX stock with the highest turnover on Xetra in May was SAP SE with €6.4 billion. Commerzbank AG led the MDAX equities with €981 million, while Aixtron SE led the SDAX equity index with €241 million. In the ETF segment, the iShares Core DAX UCITS ETF generated the largest volume with €1.3 billion. Trading volumes May 2019 in billion euros:   Xetra Frankfurt Tradegate In total Bonds - 0.3 0.1 0.4 Equities 119.4 1.5 10.4 131.3 ETFs/ETCs/ETNs 12.0 0.1 0.8 12.8 Funds - 0.1 0.1 0.2 Certificates - 1.2 - 1.2 May 2019 in total 131.4 3.2 11.4 146.0 May 2018 in total 134.1 3.3 8.3 145.8 Further details are available online in Deutsche Börse’s cash market statistics. For a pan-European comparison of trading locations, see the statistics provided by the Federation of European Securities Exchanges (FESE).  

Exhibition “Deutsche Börse Photography Foundation Prize 2019” opens at the Cube, Eschborn/Frankfurt

Mo., 2019/06/03 - 08:30
The Deutsche Börse Photography Foundation will open the exhibition Deutsche Börse Photography Foundation Prize 2019. The exhibition shows works of this year’s four shortlisted artists Laia Abril, Susan Meiselas, Arwed Messmer and Mark Ruwedel. After its presentation at The Photographers’ Gallery in London, the exhibition will now be presented at Deutsche Börse's headquarters, The Cube, in Eschborn/Frankfurt from 14 June until 23 August 2019. The highly renowned annual prize, jointly awarded by The Photographers’ Gallery and the Deutsche Börse Photography Foundation, recognises artists and projects deemed to have made a significant contribution to photography over the previous 12 months in Europe. Susan Meiselas won the £30,000 prize on 16 May 2019 in London for her first European retrospective Mediations. The works of all four finalists explore a vast range of topical issues through the lens and language of photography. Their projects explore collectively state and gender politics, social injustice, human rights and conceptual approaches to image making.  Laia Abril (b. 1986, Spain) has been nominated for the publication On Abortion (Dewi Lewis Publishing, November 2017). On Abortion is a visual research project that draws on the past, present and current history of abortion to highlight the continuing erosion of women’s reproductive rights. In this meticulously researched project, Abril documents the physical and psychological dangers caused by the continuous lack of legal, safe and free access to abortion. Her collection of visual, audio and textual evidence graphically represents the consequences of unsafe procedures. It raises complex questions around the ethics and morality involved in any consideration of this subject.  Susan Meiselas (b. 1948, USA) has won the prize for the exhibition Mediations (Jeu de Paume, Paris, 6 February – 30 May 2018). A leading documentary photographer, Susan Meiselas is widely acknowledged for her work in the conflict zones of Central America (1978–1983). The Magnum photographer has focused on a wide range of challenging issues from ethnic and religious conflicts, human rights issues to the sex industry. For this exhibition, Meiselas chose to present her long-term engagement with the Kurdish dispora. “Kurdistan/akaKurdistan” began with a trip the photographer took to capture Anfal genocide against the Iraqi Kurds in 1991 and she began a project offering a layered, lived history of Kurdistan, driven by the momentum of its contributors with whom she continues to collaborate with. Arwed Messmer (b. 1964, Germany) has been nominated for his exhibition RAF – No Evidence / Kein Beweis (ZEPHYR|Raum für Fotografie, Mannheim, 9 September – 5 November 2017). This comprehensive body of work reflects on the trajectory of the Red Army Faction (RAF). A far-left extremist organisation, formed in 1970, engaged in a series of violent terrorist attacks in Germany over the course of three decades. Messmer sets out to chart and considers the group’s involvement in such events as the student protests of 1968 and the violent ‘German Autumn’ of 1977. The resulting project draws on a diversity of source materials from various state archives, including an extensive collection of investigative, forensic and documentary photographs ranging from the mundane to the surreal. By repurposing and recontextualising the tools and materials commonly used in police investigations and crime-scene reconstructions, Messmer’s ‘narrative’ examines how images once used to collect evidence in criminal cases can now provide a different insight into our understanding of history. Mark Ruwedel (b. 1955, USA) was nominated for the exhibition Artist and Society: Mark Ruwedel (16 February -  16 December 2018 at Tate Modern, London). Having spent many years photographing across North America, Mark Ruwedel’s work explores how geological, historical and political events leave their marks on the landscape. The works showcase his interest in the history of photography and conceptual art practices of the 1960s and 70s. Merging documentary and conceptual methods of image-making, Ruwedel also finds influence in land art echoed in his expansive images of abandoned railways, nuclear testing sites and empty desert homes.  The members of the Deutsche Börse Photography Foundation Prize 2019 jury were: Sunil Gupta, artist, writer, activist and curator; Diane Dufour, Director of Le Bal, Paris; Felix Hoffmann, Chief Curator at C/O Berlin; Anne-Marie Beckmann, Director,Deutsche Börse Photography Foundation, Frankfurt. Brett Rogers, Director, The Photographers’ Gallery, London, continues as the non-voting chair. On the same occasion and as part of the 20th anniversary of the Art Collection Deutsche Börse, the exhibition “Favourite Pieces – The Staff Selection” will be shown on the ground floor. Under the theme “From another perspective”, the Deutsche Börse Photography Foundation invited experts to share their views on this important collection of contemporary photography. For this exhibition, the Deutsche Börse Photography Foundation invited Deutsche Börse employees to name their personal favourites from the Collection. The displayed 50 works from the collection are supplemented with the employees’ quotations explaining their selection. With the resulting presentation, the foundation is carrying on the continuous dialogue that has been maintained with the staff since the very start of the Collection. This stimulating, constructive and at times challenging exchange is an elementary and extremely enriching aspect of the work of the Foundation. This concept of allowing the employees to contribute to the activities of the Art Collection is essential and allows the photographs to play a role in the company in the long term: corporate culture in the making. Notes for Editors A press preview will be held on 13 June 2019 at 11 am at The Cube, Mergenthalerallee 61, 65760 Eschborn. Anne-Marie Beckmann, Director, the Deutsche Börse Photography Foundation and Anna Dannemann, curator of the exhibition will lead you through the exhibition, together with the artists Susan Meiselas, Laia Abril and Arwed Messmer. The opening will take place on Thursday, the 13 June at 6.30 p.m. Please register under leticia.adam@deutsche-boerse.com. We will be happy to send you press pictures in print quality on request. Information for visitors:  The exhibitions “Deutsche Börse Photography Foundation Prize 2019” and “Favourite Pieces – The Staff Selection”, can be visited free of charge as part of a guided tour at The Cube, the headquarters of Deutsche Börse. Please book in advance. The dates of public guided tours and the current exhibitions are available here. Additional dates for groups with 10 persons or more are available by arrangement. Media contacts: Leticia Adam  Phone +49 (0)69 211 11500, Leticia.adam@deutsche-boerse.com Deutsche Börse Photography Foundation The Deutsche Börse Photography Foundation is a Frankfurt-based non-profit organisation. The foundation activities focus on collecting, exhibiting and promoting contemporary photography. Deutsche Börse began to build up its collection of contemporary photography in 1999. Art Collection Deutsche Börse now comprises more than 1,800 works by over 130 international artists. Expanding the Art Collection Deutsche Börse is one of the key aims of the foundation. The collection and a changing exhibition programme are open to the public. Together with The Photographers' Gallery in London, the foundation awards the renowned Deutsche Börse Photography Foundation Prize each year. The promotion of young artists is a special concern of the foundation. It supports them in the form of awards, scholarships, exhibitions and cooperations with other institutions, such as the Foam Talents Programme of the Foam Fotografiemuseum Amsterdam. Other focal points include supporting exhibition projects of international museums and institutions, and the expansion of platforms for academic discussion about the medium.  www.deutscheboersephotographyfoundation.org. The Photography Prize History Originated in 1996 by The Photographers’ Gallery, and now in its twenty-second year, the Prize has become one of the most prestigious international arts awards and has launched and established the careers of many photographers over the years. Previously known as the Citigroup Photography Prize, the Gallery has been collaborating with Deutsche Börse Group as title sponsors since 2005. In 2016 the Prize was retitled as the Deutsche Börse Photography Foundation Prize following the establishment of the foundation as a non-profit organisation dedicated to the collection, exhibition and promotion of contemporary photography.  Winner of the Deutsche Börse Photography Prize 2018 was Luke Willis Thompson for autoportrait, a filmic portrait of Diamond Reynolds. Past winners have included Dana Lixenberg, Trevor Paglen, Paul Graham, Juergen Teller, Rineke Dijkstra, Richard Billingham, John Stezaker and Adam Broomberg & Oliver Chanarin.

STOXX extends its suite of ESG-X indices

Mi., 2019/05/29 - 12:15
Zug (May 29, 2019) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has launched a series of new benchmark ESG-X indices, such as an ESG-X version of the flagship EURO STOXX 50® Index. The ESG-X index concept was developed based on input from asset owners and includes a product involvement screening for controversial weapons, tobacco and thermal coal as well as a norm-based screening that follows the United Nations Global Compact principles of human and labor rights, the environment, business ethics and anti-corruption. STOXX cooperates with the ESG data provider Sustainalytics for the screening. “In order to meet ESG investment criteria, asset owners need to look for solutions beyond the traditional market-cap-weighted index, and still create portfolios that do not diverge from standard benchmarks or incur additional costs. STOXX already addressed this issue in November with the STOXX Europe 600 ESG-X Index and has now launched a set of further benchmarks that exclude companies based on norm- and product-based screenings,” said Inderpal Gujral, STOXX’s Head of Product.  “We were involved in the development of STOXX Europe 600 ESG-X as we were looking for a tradable European benchmark index that is compliant with our responsible investment policy,” said Magnus Linder, Head of Derivatives at Swedbank Robur. “We are very happy that the ESG-X range is extended with Eurozone, US and global benchmark indices.” The new offering further includes global and emerging markets benchmarks, such as ESG-X versions of the STOXX Global 3000, STOXX Global 1800 and STOXX Emerging Markets 800. The STOXX USA 500 ESG-X was launched due to high client demand to apply a standardized European exclusion strategy to the US index. In February, Eurex launched ESG futures on the STOXX Europe 600 ESG-X, which offers a cost-effective way to gain European ESG exposure. https://www.stoxx.com/esgderivatives About STOXX Ltd. STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 10,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets. To provide market participants with optimal transparency, STOXX indices are classified into four categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name. Under the Omnient brand, STOXX offers custom indices from its existing index universe. STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment. STOXX is part of Deutsche Boerse Group, and also calculates, disseminates and markets the DAX indices. www.stoxx.com STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

Deutsche Börse’s Regulatory Reporting Hub to start SFTR services

Di., 2019/05/28 - 13:30
Deutsche Börse’s Regulatory Reporting Hub is adding a new solution for the Securities Financing Transactions Regulation (SFTR) to its suite of regulatory reporting services. This solution will help clients manage their SFTR reporting challenges, will improve reporting data quality and reporting efficiency. The Regulatory Reporting Hub’s SFTR solution will cover data collection, validation, enrichment, submission report construction and trade repository integration with REGIS-TR. Clients will be able to report any type of securities financing transactions (SFTs) through the platform. The Hub will ensure SFTR compliance for Eurex Clearing’s cleared securities lending and repo business. Furthermore, the Hub enables Eurex Clearing members to enrich their SFTR reporting with Eurex Repo and Eurex Clearing data (Counterparty, Transaction & Principal Collateral, CCP Margin). This enrichment service covers all SFTR-reportable transactions that are concluded on Eurex Repo and cleared by Eurex Clearing as central counterparty (CCP) (cleared repo incl. GC Pooling, cleared securities lending). This offering reduces SFTR implementation costs for clearing participants and increases reporting efficiency by using consistent data. “Deutsche Börse’s Regulatory Reporting Hub will deliver a unique solution for SFTR by leveraging the Group’s specific assets and reference data. Deutsche Börse’s SFTR reporting service enables our clients to leverage synergies across multiple regulations,” said Thomas Feindt, Head of Regulatory Services, Deutsche Börse. More information about the features of Deutsche Börse’s SFTR solution and benefits can be found on the Regulatory Reporting Hub website.  About SFTR: SFTR affects all counterparties to securities financing transactions (SFTs) that are established within the EU (including EU and third-country branches) as well as EU-domiciled branches of third-country entities. Starting dates of the reporting obligation will be phased in according to the counterparty classification. The first stage (banks) will begin on 11 April 2020; the buy side is to follow on 11 October 2020 and non-financial counterparties on 11 January 2021. About Deutsche Börse’s Regulatory Reporting Hub: Domiciled in Germany, Deutsche Börse offers comprehensive solutions for regulatory compliance on a single platform – the Regulatory Reporting Hub. Over 2,400 firms to date use the Hub to fulfil reporting obligations. The Hub is approved by BaFIN as an Approved Reporting Mechanism (ARM) and Approved Publication Arrangement (APA). Clients can report transactions and positions to all European national competent authorities (NCAs) and REGIS-TR, allowing them to fulfil their transparency requirements as set out in MiFID II/MIFIR, EMIR and SFTR.  Media contact:  Andreas v. Brevern  andreas.von.brevern@deutsche-boerse.com  +49-(0) 69-2 11-1 42 84

Deutsche Börse gains two new Eastern European power market operators for trading platform M7

Di., 2019/05/28 - 08:30
With its technical infrastructure and IT applications, Deutsche Börse supports the progressive establishment of the joint European intraday power market XBID. By connecting two new Eastern European power market operators, XBID takes a further step within its planned expansion to Central and Eastern European countries. The Polish electricity market provider Towarowa Gielda Energii (TGE) and the Romanian gas and electricity market operator Operatorul Pietei de Energie Electrica si Gaze Naturale (OPCOM) will use M7, a commodity trading platform developed by Deutsche Börse. With this, Deutsche Börse supports the connection of its two new customers to the Europe-wide intraday power market XBID and enables direct access to the XBID trading system. After the technical implementation the admission to trading will follow in Q4 2019. “We are happy to support TGE and OPCOM in expanding their trading business. Our trading system forms the ideal basis for both providers to become part of the joint European power market,” said Antoine Viguès, Director Energy IT at Deutsche Börse AG. XBID stands for the „European Cross Border Intraday Initiative“ of the European Commission. The Commission pursues the goal to build a cross-border European energy market and thus to provide a more efficient and sustainable usage of available power resources in Europe. XBID will allow the matching of all cross-border transmission capacities on the same day on one pan-European platform. This helps create a joint power market in the EU. 17 power network operators from 14 countries belong to the initiative, in addition to the five European power exchanges EPEX SPOT, GME, Nord Pool Spot, OMIE und TGE. As a market infrastructure provider Deutsche Börse develops and provides the central platform, which connects the local trading systems of the various energy exchanges and the electricity network operators. The market launch took place last year, first companies from Western and Northern Europe joined in June 2018. By the end of 2019 the first movers from East and Central Europe will now follow. About Deutsche Börse Deutsche Börse Group is one of the largest exchange organisations worldwide. It organises markets characterised by integrity, transparency and safety for investors who invest capital and for companies that raise capital – markets on which professional traders buy and sell equities, derivatives and other financial instruments according to clear rules and under strict supervision. Deutsche Börse Group, with its services and systems, ensures the functioning of these markets and a level playing field for all participants – worldwide. 

Susan Meiselas wins the “Deutsche Börse Photography Foundation Prize 2019”

Fr., 2019/05/17 - 08:30
Susan Meiselas was announced as the winner of the Deutsche Börse Photography Foundation Prize 2019 in London on Thursday night, 16 May at a special ceremony at the Photographers’ Gallery. She has been awarded the prestigious £30,000 prize for her first European retrospective Mediations at Jeu de Paume, Paris 2018. A leading documentary photographer, Meiselas is widely acknowledged for her work in the conflict zones of Central America (1978–1983), and in particular for her powerful photographs of the Nicaraguan revolution. Drawing on more than four decades of experience photographing around the world, Meiselas favours an immersive approach, often collaborating with the communities she photographs over long periods of time and has focused on a wide range of challenging issues from ethnic and religious conflicts, human rights issues to the sex industry. Mediations was the most comprehensive European retrospective of Meiselas’ work to date, which brought together series’ from the 1970s to the present day. The exhibition reveals her unique approach as an artist who has constantly questioned the status of the image in relation to the context in which it appears. The winner was selected by the members of the 2019 Deutsche Börse Photography Foundation Prize jury, comprising:  Sunil Gupta, artist, writer, activist and curator; Diane Dufour, Director of Le Bal, Paris; Felix Hoffmann, Chief Curator at C/O Berlin; Anne-Marie Beckmann, Director, Deutsche Börse Photography Foundation, Frankfurt. Brett Rogers, Director, The Photographers’ Gallery, London, continues as the non-voting chair. Brett Rogers, Director, The Photographers’ Gallery and Chair of Jury, said:   “Susan’s consistent approach to the medium and her personal investment in the stories, histories and communities she documents, has carved out a new and important form of socially engaged photography.  It is one that proposes a sustainable and on-going relationship with the people and their contexts and feels especially relevant and resonant today.” Anne-Marie Beckmann, Director, Deutsche Börse Photography Foundation Prize, said:  “We congratulate the winner, Susan Meiselas, whose varied and highly topical work reflects a heightened commitment to the photographic form whilst recognising the photographer’s responsibility to the issues and subjects.  We are very much looking forward to presenting the exhibition at our premises this summer as part of a special program on the occasion of the 20th anniversary of the Art Collection Deutsche Börse.” The work of all 2019 shortlisted artists, Laia Abril, Susan Meiselas, Arwed Messmer and Mark Ruwedel remain on display at The Photographers’ Gallery until 2 June 2019. The exhibition will then tour to Deutsche Börse's headquarters, The Cube, in Eschborn/Frankfurt from 14 June until 23 August 2019.  The 2019 shortlist explores a vast range of topical issues through the lens and language of photography. Collectively their projects explore state and gender politics, social injustice, human rights and conceptual approaches to image making. This year’s projects reflect the experimental possibilities of photography, the documentation and research behind presenting such work, and how images can change their meaning and identity according to how they might be presented. The annual award was established by The Photographers’ Gallery, London, in 1996 and is awarded together with the Deutsche Börse Photography Foundation. The £30,000 prize rewards a living photographer, of any nationality, for a specific body of work in an exhibition or publication format in Europe, which is felt to have significantly contributed to the medium of photography between 1 October 2017 and 30 September 2018. Notes for Editors The exhibition will be shown at Deutsche Börse's headquarters, The Cube, in Eschborn/Frankfurt from 14 June until 23 August 2019.  A press tour will be held on 13 June at 11 am. Media contacts: Deutsche Börse Photography Foundation:  Leticia Adam Phone +49 (0)69 211 11500, Leticia.adam@deutsche-boerse.com The Photographers‘ Gallery Grace O’Connor or Roz Arratoon at Margaret PR on +44 (0) 20 7739 8203,  Grace@margaretlondon.com or roz@margaretlondon.com We are happy to send you press pictures in print quality on request. Deutsche Börse Photography Foundation The Deutsche Börse Photography Foundation is a Frankfurt-based non-profit organisation. The foundation activities focus on collecting, exhibiting and promoting contemporary photography. Deutsche Börse began to build up its collection of contemporary photography in 1999. Art Collection Deutsche Börse now comprises more than 1,800 works by over 126 international artists. Expanding the Art Collection Deutsche Börse is one of the key aims of the foundation. The collection and a changing exhibition programme are open to the public. Together with The Photographers' Gallery in London, the foundation awards the renowned Deutsche Börse Photography Foundation Prize each year. The promotion of young artists is a special concern of the foundation. It supports them in the form of awards, scholarships, exhibitions and cooperations with other institutions, such as the Foam Talents Programme of the Foam Fotografiemuseum Amsterdam. Other focal points include supporting exhibition projects of international museums and institutions, and the expansion of platforms for academic discussion about the medium. www.deutscheboersephotographyfoundation.org The Photographers’ Gallery The Photographers’ Gallery opened in 1971 in Great Newport Street, London, as the UK’s first independent gallery devoted to photography. It was the first public gallery in the UK to exhibit many key names in international photography, including Juergen Teller, Robert Capa, Sebastiano Salgado and Andreas Gursky. The Gallery has also been instrumental in establishing contemporary British photographers, including Martin Parr and Corinne Day. In 2009, the Gallery moved to 16 – 18 Ramillies Street in Soho, the first stage in its plan to create a 21st century home for photography. Following an eighteen months long redevelopment project, the Gallery reopened to the public in 2012. The success of The Photographers’ Gallery over the past four decades has helped to establish photography as a recognised art form, introducing new audiences to photography and championing its place at the heart of visual culture. www.thephotographersgallery.org.uk  The Photography Prize History Originated in 1996 by The Photographers’ Gallery, and now in its twenty-second year, the Prize has become one of the most prestigious international arts awards and has launched and established the careers of many photographers over the years. Previously known as the Citigroup Photography Prize, the Gallery has been collaborating with Deutsche Börse Group as title sponsors since 2005. In 2016 the Prize was retitled as the Deutsche Börse Photography Foundation Prize following the establishment of the foundation as a non-profit organisation dedicated to the collection, exhibition and promotion of contemporary photography.  Winner of the Deutsche Börse Photography Prize 2018 was Luke Willis Thompson for autoportrait, a filmic portrait of Diamond Reynolds. Past winners have included Dana Lixenberg, Trevor Paglen, Paul Graham, Juergen Teller, Rineke Dijkstra, Richard Billingham, John Stezaker and Adam Broomberg & Oliver Chanarin.

Clearstream enters Australian market with acquisition of Ausmaq Limited

Fr., 2019/05/17 - 06:15
Deutsche Börse Group’s post-trade services provider Clearstream is further expanding its offering in the investment funds space and enters the Australian market. The company has reached an agreement with National Australia Bank Limited (NAB) to acquire its Sydney-based specialist managed funds services business Ausmaq Limited. The transaction is expected to be completed in the second half of 2019, subject to customary closing conditions including regulatory approval.  The acquisition marks another step in Deutsche Börse’s Roadmap 2020 strategy. One of the key pillars of the strategy is external growth with a focused and disciplined approach in selected growth areas, one of which is investment funds. Australia ranks number one among the fund markets in Asia-Pacific and number four globally with regards to assets under management (AuM). Currently valued at 2 trillion Euros, the Australian market demonstrates steady AuM growth, underpinned by the requirement to make 9.5 per cent compulsory salary contributions to the superannuation industry.  International players active in the Australian market have looked to Clearstream to provide the same infrastructure service that it provides internationally to its clients and to handle the link from the Australian funds market back to the global markets. With this move, Clearstream does just this: the company will expand on the service offering currently available to Ausmaq customers to also provide Australian custodian banks, wrap platforms and wealth managers with access to its fully-automated global funds processing platform Vestima. In joining a global leader in funds processing, over time Ausmaq customers can look forward to benefitting from additional product reach with direct access to international funds and to alternative funds.  Bernard Tancré, Head of Investment Funds Services at Clearstream, said: “Ausmaq is a perfect fit for Clearstream’s strategy in the Asia-Pacific region. As an established provider of fund processing solutions, the acquisition allows us to broaden our fund service offering in Australia and to provide our international customers with integrated solutions for the domestic market.” Ravi Subramaniam, Chief Executive Officer of Ausmaq, said: “Today’s announcement is the beginning of an exciting new chapter for Ausmaq. We’re thrilled to be joining an organisation of Clearstream’s calibre – a recognised global leader in post-trade services. Our clients can expect to receive the same exemplary service that they’ve become accustomed to over the years, with increases in the service offering to be introduced over time.” The managed funds administrator Ausmaq will become a 100 per cent subsidiary of Clearstream. Currently, Ausmaq is a wholly-owned subsidiary of NAB.  Flagstaff Partners and Allen & Overy have acted as advisers for this transaction. Learn more about Vestima: https://www.clearstream.com/clearstream-en/products-and-services/investment-funds-services About Clearstream As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 57 domestic markets worldwide. With around 14 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities. Alongside its highly automated mutual fund services, Clearstream provides clients with a “one-stop shop” solution for all fund types. www.clearstream.com About Ausmaq Limited Ausmaq Limited is a specialist managed funds services business that administers managed funds and term deposits for leading wrap platform providers and wealth managers in Australia. At present, over 1,400 managed funds are available on the Ausmaq platform, which processes approximately 350,000 managed fund transactions annually.  www.ausmaq.com.au Media contacts: Christina Vogt Christina.Vogt@clearstream.com +49 69 2 11 17 854  Tabea Behr Tabea.Behr@clearstream.com +49 69 2 11 13 016     

Frequentis AG new at the Frankfurt Stock Exchange

Di., 2019/05/14 - 11:30
Frequentis AG (ISIN: ATFREQUENT09) has been listed in the General Standard of the Frankfurt Stock Exchange as of today. The company's shares started trading at 18.00 Euro after an issue price of 18.00 Euro. The IPO was accompanied by Commerzbank AG and BankM, a representative office of flatex Bank AG, which also acts as designated sponsor in Xetra trading. Wolfgang Steubing AG is the specialist at the Börse Frankfurt venue. According to company information, the Austrian Frequentis AG, headquartered in Vienna, is an international provider of communication and information systems for control centres with safety-critical tasks. Its customers include civil and military air traffic control, air defence, police, fire brigades, rescue services, shipping and rail industries. Frequentis has a network of branches, subsidiaries and local representatives in over 50 countries worldwide. Frequentis products and solutions can be found in over 140 countries.

First STOXX ESG benchmarks to be used for leveraged products

Mo., 2019/05/13 - 12:00
Zug (May 13, 2019) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed three STOXX European ESG benchmark indices to Goldman Sachs for the launch of listed products in Germany, Austria, The Netherlands, Belgium and Sweden. In February, Eurex, one of the globally leading derivatives exchanges, launched ESG derivatives on these STOXX European benchmarks covering ESG-X, Low Carbon and Climate Impact. The liquid ESG benchmarks are now serving as underlyings for leveraged products for the first time. “The launch of the first leveraged products linked to these STOXX European ESG benchmark indices allows Goldman Sachs to remain at the forefront of responsible investments offered in a simple, easy accessible and cost-effective way to a wide range of customers,” said Steffen Biallas, Goldman Sachs Head of Public Distribution EMEA for securitized derivatives. “After opening a new chapter in responsible investing with the listing of futures on three ESG benchmark indices, we are now reaching another milestone by entering into the leveraged products space. The massive growth of ESG investing has created demand for sophisticated or diversified index concepts that reflect sustainability factors. The launch of the first leveraged products on our ESG benchmark indices also underscores STOXX’s strong position and innovative spirit in the structured products markets,” said Inderpal Gujral, STOXX Head of Product. The ESG (Environmental, Social, Governance) and sustainability warrants are based on three STOXX indices: the EURO STOXX® 50 Low Carbon Index, the STOXX® Europe Climate Impact Ex Global Compact, Controversial Weapons & Tobacco Index and the STOXX® Europe 600 ESG-X Index. These three indices are part of the comprehensive ESG, Low Carbon and Sustainability offering of STOXX Ltd. About STOXX Ltd. STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 10,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets. To provide market participants with optimal transparency, STOXX indices are classified into four categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name. Under the Omnient brand, STOXX offers custom indices from its existing index universe. STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment. STOXX is part of Deutsche Boerse Group, and also calculates, disseminates and markets the DAX indices. www.stoxx.com STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data Providers.

STEMMER IMAGING AG new in the Prime Standard

Fr., 2019/05/10 - 10:30
STEMMER IMAGING AG (ISIN: DE000A2G9MZ9) has been listed in the Prime Standard of the Frankfurt Stock Exchange since today. The company based in Puchheim near Munich was previously listed in the Scale segment for small and medium-sized companies. STEMMER IMAGING is the fourth company to change from Scale to the Regulated Market. The transfer was accompanied by Hauck & Aufhäuser Privatbankiers, which also acts as designated sponsor in Xetra trading. Wolfgang Steubing AG is the specialist at Börse Frankfurt. According to company sources, STEMMER IMAGING is one of the leading European machine vision technology providers for scientific and industrial uses. The company supports its customers through products, software solutions and consulting in solving their imaging projects with speed, security and ease. Consultants represent STEMMER IMAGING in 19 European countries. The company also assists its customers with feasibility studies, development services, training and support.  

Clearstream launches new fund distribution support services

Mi., 2019/05/08 - 14:30
Clearstream adds fund distribution support services to its funds processing platform Vestima Swisscanto Funds Centre Ltd. fully integrated into Clearstream Banking S.A. as “Clearstream Fund Desk” New services help clients to meet regulatory requirements for transparency and standardisation in fund distribution Deutsche Börse Group’s post-trade services provider Clearstream is expanding its investment funds service offering. Going forward, the company will complement its current Vestima funds processing services with distribution support services under the umbrella of Clearstream Fund Desk. Heightened product governance and regulatory requirements under MiFID II have increased the call for more data, transparency and standardisation in fund distribution. Clearstream’s new fund distribution support services will support market participants clients to comply. Bernard Tancré, Head of Investment Funds Services at Clearstream, comments: “We are thrilled to be able to offer fund distribution support services to our customers worldwide. This service enhancement was strongly driven by client demand. It supports market participants in facing regulatory and other market challenges around fund distribution, such as MiFID II in the European Union and having full control over distribution chains.” Clearstream Fund Desk services will cover distribution contract negotiation, compliance support services for eligibility control and anti-money-laundering (AML), know-your-customer (KYC) and know-your-distributor (KYD) rules, exchange fund data from asset managers to fund distributors and vice versa, as well as a distribution commission management service. After the acquisition of the fund distribution support services provider Swisscanto Funds Centre Ltd. in October 2018, the services have been renamed in Clearstream Fund Desk and fully integrated into Clearstream’s Investment Funds Services product range. Using their existing Vestima account, fund distributors and asset managers can access the new services to expand their international distribution networks. More about Clearstream Fund Desk: www.clearstream.funddesk.com More about Vestima: https://www.clearstream.com/clearstream-en/products-and-services/investment-funds-services/vestima About Clearstream As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream, a part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 57 domestic markets worldwide. With EUR 14 trillion in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities. Alongside its highly automated mutual fund services, Clearstream provides clients with a ‘one-stop shop’ solution for all fund types. www.clearstream.com Media contacts: Christina Vogt +49 (0)69 2 11-13 01 6 christina.vogt@clearstream.com

New members in the Supervisory Board of Deutsche Börse AG

Mi., 2019/05/08 - 14:15
Today, the shareholders of Deutsche Börse AG have elected Charles Stonehill and Clara-Christina Streit at the Annual General Meeting as new members of the Supervisory Board. The previous members Ann-Kristin Achleitner and Richard Berliand resigned from the Supervisory Board as at the end of the Annual General Meeting. The Supervisory Board of Deutsche Börse AG has a total of 16 members. Chairman is Joachim Faber. Charles Stonehill (*1958) looks back on more than 30 years of experience in investment banking, capital markets and energy markets. He held various senior management positions at JP Morgan, Morgan Stanley, CS First Boston and Lazard Frères. Stonehill has various supervisory mandates and is currently Vice Chairman of Julius Baer Group Ltd. in Zurich where he has been a board member since 2006. Stonehill, who holds a degree in history, holds the British and US-American citizenships. Clara-Christina Streit (*1968) is an independent management consultant and member of various national and international boards of directors. After her studies in St. Gallen, she started her career at McKinsey, where she advised banks, exchange organisations, insurance companies and supervisory authorities until 2012. Carla-Christina Streit holds the German and US-American citizenships. Media contact Martin Halusa +49-172-283.7216

Deutsche Börse and Microsoft reach a significant milestone for cloud adoption in the financial services industry

Mo., 2019/05/06 - 09:45
Deutsche Börse and Microsoft have reached a significant milestone by closing a contract for the adoption of cloud services in the financial services industry. With this agreement, both partners are setting new contract standards in the EU financial services industry, allowing the launch of regulated workload on Microsoft cloud services in Europe. Deutsche Börse will use Microsoft cloud services, including the cloud platform Azure as well as Microsoft 365, the cloud offering for office and collaboration tools.  Regulated workload includes services that are typically provided by financial institutions themselves and is considered essential for the respective core business. Operating these workloads in a cloud environment requires adherence to national and EU regulation. The contract closed by Deutsche Börse and Microsoft addresses these regulatory requirements. This agreement positions Deutsche Börse at the forefront of cloud adoption in the European financial services industry. Under regulation, EU financial institutions are required to ensure unrestricted audit rights and capability to perform audits in case they outsource material workloads to cloud service providers. As a result, Deutsche Börse initiated a collaborative cloud audit group (CCAG) in 2017 in order to comply with these regulatory requirements. The collaborative audit group performs such audits in a collective manner, significantly reducing the effort for both financial institutions and cloud service providers. This industry-wide initiative includes large EU financial institutions and insurance companies. The CCAG’s first successful pooled audit on Microsoft Azure was completed in 2018. The CCAG and Microsoft will perform regular pooled audits on an annual basis. Operating IT workload in Microsoft’s public cloud environment will ensure agility, enhanced quality and cost efficiencies. It will allow a faster implementation of new functionalities, improve efficiency by further automating the provisioning of infrastructure and services, and to deploy a state-of-the-art cloud-based office solution. With this instant provisioning, Deutsche Börse will be able to react dynamically to changing business and customer demands and benefits from hundreds of services readily available. In addition, new regulatory requirements can be addressed in a more agile way, to the benefit of customers and markets. “Cloud is a main driver for innovation and has the potential to reshape the financial services industry. As a key technology, cloud lays the foundation for enabling major initiatives that support Deutsche Börse Group’s Roadmap 2020,” said Christoph Böhm, member of the Executive Board of Deutsche Börse AG. “Together with Microsoft as a strong partner, we are very much looking forward to accelerating cloud adoption, for us as a company and for our clients”. “As a platform provider, Microsoft is committed to supporting our partner Deutsche Börse in achieving their growth ambitions. This means understanding the market they are in and helping them to overcome the specific challenges of their industry,” said Sabine Bendiek, Managing Director of Microsoft Germany. “This step by Deutsche Börse is an important signal for cloud adoption in the entire financial industry and other industries with regulated workloads. With our joint approach, Deutsche Börse and Microsoft enable all companies in the European financial market to make full use of cloud services.” The usage of public cloud services will also support the further development of the key technologies DLT/blockchain, big data/analytics and automation/artificial Intelligence. These are part of Deutsche Börse’s Group-wide strategic focus on new technologies. Cloud services will allow for developing and running blockchain-based services, including public cloud components in big data/analytics solutions to analyse large data sets and the usage of specialised services for machine learning. In a first step, Deutsche Börse will accelerate the cloud migration of workload in 2019. This includes services such as the development and testing of business applications and parts of the Deutsche Börse SAP environment. First material regulated workload, such as core services to disseminate data will follow subsequently in close alignment with the relevant regulatory authorities. About Deutsche Börse Deutsche Börse Group is one of the largest exchange organisations worldwide. It organises markets characterised by integrity, transparency and safety for investors who invest capital and for companies that raise capital – markets on which professional traders buy and sell equities, derivatives and other financial instruments according to clear rules and under strict supervision. Deutsche Börse Group, with its services and systems, ensures the functioning of these markets and a level playing field for all participants – worldwide. 

Cash markets achieve turnover of 120.9 billion euros in April

Do., 2019/05/02 - 12:00
Deutsche Börse’s cash markets generated a turnover of €120.9 billion in April (previous year: €127.2 billion). Of the €120.9 billion, €107.8 billion were attributable to Xetra (previous year: €117.1 billion), bringing the average daily Xetra trading volume to €5.4 billion. Trading volume on Börse Frankfurt was €2.8 billion (previous year: €2.9 billion) and on Tradegate Exchange €10.3 billion (previous year: €7.2 billion). By type of asset class, shares accounted for around €108.8 billion in the entire cash market. Trading in ETFs/ETCs/ETNs generated a turnover of €10.6 billion. Turnover in bonds was €0.4 billion, in certificates €0.9 billion and in funds €0.2 billion. The DAX and TecDAX stock with the highest turnover on Xetra in April was SAP SE with €5.9 billion. Commerzbank AG led the MDAX equities with €1.3 billion, while Aixtron SE led the SDAX equity index with €234 million. In the ETF segment, the iShares Core DAX UCITS ETF generated the largest volume with €584 million. Trading volumes April 2019 in billion euros:   Xetra Frankfurt Tradegate In total Bonds - 0.3 0.1 0.4 Equities 97.9 1.4 9.5 108.8 ETFs/ETCs/ETNs 9.9 0.1 0.7 10.6 Funds - 0.1 0.1 0.2 Certificates - 0.9 - 0.9 April 2019 in total 107.8 2.8 10.3 120.9 April 2018 in total 117.1 2.9 7.2 127.2 Further details are available online in Deutsche Börse’s cash market statistics. For a pan-European comparison of trading locations, see the statistics provided by the Federation of European Securities Exchanges (FESE).  

Q1/2019: Solid start of the year for Deutsche Börse Group

Mo., 2019/04/29 - 19:00
Deutsche Börse AG published its results for the first quarter of 2019 on Monday. The company generated net revenue in the amount of €720.8 million, an increase of 4 per cent compared to the previous year (Q1/2018: €691.6 million). As part of this, Deutsche Börse achieved approximately 5 per cent growth of the secular net revenue, in line with its guidance. However, the market environment – and especially the lower level of equity volatility compared to the previous year – had an adverse impact on cyclical net revenue. This development was only partially compensated – on the one hand, by the higher net interest income from the banking business, and on the other hand, by additional revenue contributions from the companies acquired in 2018. Adjusted operating costs of €248.6 million were slightly lower year-on-year (Q1/2018: €254.5 million). Higher expenditure for growth initiatives, investments in new technologies and regulation, as well as consolidation effects, were more than offset by the accounting transition to IFRS 16. Operating costs were adjusted for non-recurring effects totalling approximately €24.6 million. These non-recurring effects were mainly due to structural measures aimed at improving operating efficiency within the scope of Deutsche Börse’s growth strategy “Roadmap 2020” as well as to costs for business combinations and acquisitions. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at €475.5 million, up 9 per cent on the previous year (Q1/2018: €438.1 million). Adjusted net profit for the period attributable to Deutsche Börse AG shareholders (hereinafter referred to as “net profit”) thus rose by 8 per cent, to €291.9 million (Q1/2018: €270.7 million). Basic earnings per share, adjusted for non-recurring effects, rose by 10 per cent and amounted to €1.59 (Q1/2018: €1.45). Gregor Pottmeyer, CFO of Deutsche Börse AG, said: “In a weak equity market environment during the first quarter of 2019, Deutsche Börse was able to draw upon strengths such as the planned growth of structural net revenue by 5 per cent and its diversified business model. Hence, earnings growth in the first quarter is in-line with the guidance for the full year.” Results for Q1/2019 Net revenue for the first quarter of 2019 increased compared to the same quarter of the previous year, by 4 per cent to €720.8 million (Q1/2018: €691.6 million). With the exception of Xetra (cash equities), all of the Group’s segments reported positive growth. EEX (commodities) reported particularly strong growth, which – in addition to the secular growth – can be attributed to a higher level of price volatility in the energy markets. Clearstream (post-trading) has also contributed significantly to net revenue growth. Net interest income from the banking business was the main growth driver, rising markedly on a Group level, to €62.0 million (Q1/2018: €40.9 million). This increase can essentially be attributed to higher interest rates in the US. At €273.2 million, operating costs were slightly down year-on-year (Q1/2018: €275.0 million). Higher expenditure for investments in growth initiatives, new technologies and regulation, as well as consolidation effects, were more than offset by the transition to IFRS 16. Deutsche Börse Group has adjusted the structure of its consolidated income statement starting with the first quarter of 2019 in accordance with IFRS 16. It no longer includes expenditure for certain leases under operating costs but reports it as part of depreciation and in the financial result. In the first quarter of 2018, this would have retrospectively affected operating costs in the amount of approx. €12.5 million. Hereby, depreciation would have increased by approx. €11.8 million and the financial result decreased by approx. €0.7 million. Non-recurring effects amounted to €24.6 million during the first quarter of 2019 (Q1/2018: €20.5 million), mainly comprising costs for efficiency measures as well as costs for business combinations and acquisitions. Adjusted for these non-recurring effects, operating costs decreased to €248.6 million (Q1/2018: €254.5 million). The result from strategic equity investments amounted to €3.3 million due to the favourable development of individual equity investments (Q1/2018: €1.0 million). Deutsche Börse Group’s EBITDA was €450.9 million for the quarter under review (Q1/2018: €417.6 million). Excluding the non-recurring effects set out above, consolidated EBITDA amounted to €475.5 million, a 9 per cent increase compared to the previous year’s figure (Q1/2018: €438.1 million). Depreciation, amortisation and impairment losses rose to €53.1 million (Q1/2018: €41.3 million), mainly due to the effects of the above-mentioned transition to IFRS 16. Adjusted for non-recurring effects, depreciation, amortisation and impairment losses stood at €52.9 million (Q1/2018: €40.8 million). The Group’s financial result was €–16.9 million (Q1/2018: €–16.3 million). The Group’s effective tax rate was 26.0 per cent (Q1/2018: 27.0 per cent), the decline being mainly a result of internal reorganisations. The company expects a tax rate on the same level for the full year 2019. Accordingly, net profit stood at €275.2 million (Q1/2018: €249.0 million); excluding the non-recurring effects described above, it was €291.9 million (Q1/2018: €270.7 million). Basic earnings per share amounted to €1.50 (Q1/2018: €1.34). Adjusted for non-recurring effects, basic earnings per share rose by 10 per cent, to €1.59 (Q1/ 2018: €1.45). Note to editors: The consolidated income statement as well as the segment reporting for the first quarter of 2019 are attached. Media Contact: Martin Halusa +49-69-211.12901 Note with regard to forward-looking statements: This release contains forward-looking statements about future events and developments relating to Deutsche Börse AG. They are characterized by the use of words such as “assume”, “intend”, “expect”, “believe”, “plan”, “forecast”, “estimate” and similar expressions and reflect the current views and assumptions of the Executive Board of Deutsche Börse AG. Naturally, however, forward-looking statements are subject to risks and uncertainties and depend on a variety of factors whose occurrence or non-occurrence could cause the actual future events and developments to differ materially from the views expressed in this release. Such factors include the general economic conditions, the future performance of financial markets, the behavior of other market participants and the legal and regulatory framework. Accordingly, Deutsche Börse AG does not give any guarantee as to the occurrence of the forward-looking statements contained in this release. Also, Deutsche Börse AG does not assume any obligation beyond legal requirements to update the forward-looking statements contained herein. No investment advice: This release is for information purposes only and shall neither constitute investment advice nor an offer to sell, or a solicitation of an offer to buy, any securities.

Frequentis AG share subscription launched on the Frankfurt Stock Exchange

Mo., 2019/04/29 - 11:15
The stock subscription for the IPO of Frequentis AG (ISIN: ATFREQUENT09) on the Frankfurt Stock Exchange started today. The company is planning a listing in the General Standard. The subscription is expected to last until 8 May. The price range for the offered shares has been set at 18 to 21 Euro per share. The first trading day will be 14 May. According to its own information, the Austrian company Frequentis AG is an international provider of communication and information systems for control centres with safety-critical tasks. Its customers include civil and military air traffic control, air defence, police, fire brigades, rescue services, shipping and rail industries. Frequentis has a network of branches, subsidiaries and local representatives in over 50 countries worldwide. Frequentis’ products and solutions can be found in over 140 countries. More information on share subscriptions via the Frankfurt Stock Exchange can be found at boerse-frankfurt.de/aktien-zeichnen (in German only). Disclaimer: Detailed information on the share, including risk warnings, can be found at: https://www.frequentis.com/. NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

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