Press

Eurex Clearing is to lower the fixed clearing fees for equity transactions on Xetra and the floor of the Frankfurt Stock Exchange with effect from 1 July. The fixed clearing fee for Xetra transactions is to be lowered by 20 percent to €0.40 per order as of that date. The volume-dependent clearing fee remains unchanged at 0.0015 percent of the transaction value. This reduces the total clearing fee for Xetra transactions by an average of approximately 8 percent. The lower clearing fees make algorithmic trading on Xetra even more attractive, currently around 50 percent of all Xetra orders are generated by algorithmic trading. The fee reductions will have a particular impact on clients who have not yet profited from the existing discount model for automatically generated orders. Eurex Clearing thus supports the continued growth of particularly price-sensitive trading volumes.

The clearing fee for floor trading transactions on Frankfurt Stock Exchange will be lowered by 10 percent to €0.45 per contract note. Lower clearing fees make the Frankfurt Stock Exchange more attractive for private investors as well as banks.

Further information:
In algorithmic trading, computers evaluate trading signals and place buy and sell orders in the trading system on the basis of these results. Algorithmic trading, which now comprises approximately 50 percent of all Xetra orders and 40 percent of the trading volume on Xetra, ensures higher liquidity and consequently tighter spreads, benefitting all market participants. Deutsche Börse Group has supported algorithmic trading since the beginning of 2005 as part of the Automated Trading Program (ATP) by granting discounts of up to 49 percent on Xetra transaction fees. The ATP was also expanded to include Eurex Clearing transaction fees as of 1 October 2006. The Xetra trading volume concluded under the ATP has grown at an above average rate; at €80 billion in May this year, it was 30 percent above the volume of May 2006.