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German exchange operator Deutsche Boerse AG (DB1.XE) Tuesday said it will continue growth initiatives in the areas of risk management, clearing, sales and products in 2012.

The exchange awaits regulatory approval for its plans to merge with NYSE Euronext (NYX) to create the world's largest exchange powerhouse by stock listings and derivatives traded.

In 2011, that growth strategy paid off, enabling Deutsche Boerse to expand its strong position in technology, risk and collateral management further, the company said.

MAIN FACTS:

-The year 2011 was defined especially by the uncertainties surrounding the European sovereign debt crisis and the associated volatility in the financial markets.

-This led to greater hedging needs for market participants.

-In 2011, Deutsche Boerse AG acted again as a guarantor of safety and stability for the financial markets, with a positive impact on the real economy.

-The Eurex, ISE and Xetra exchanges operated by Deutsche Boerse all increased their trading volumes in 2011 compared with the previous year.

-Year-to-date, Eurex grew by around 9%, ISE by 5% and Xetra by 13%.

-Particularly equity index derivatives contributed to the growth in Eurex's trading volume, as did more recent products, for instance the Eurex KOSPI product in cooperation with the Korea Stock Exchange.

-Xetra was influenced by the difficult market environment, but had 17 initial listings, unchanged from 2010. Of these, 15 companies placed shares as part of an initial public offering, five of them from China.

The harmonization of the Xetra trading infrastructure strengthens the position of the Frankfurt Stock Exchange amid growing competition in Europe because the number of trading participants doubled as all Xetra participants also have access to products that were previously only traded on the floor.

-The post-trading areas Eurex Clearing and Clearstream --the volumes cleared and settled/held in custody-- grew year-on-year by 2% and 11%, respectively.

-Brazil's central securities depository Cetip has been using the Clearstream service in collateral management for its domestic market since July. This has been a national model --national exposure is secured with national assets, but will be expanded, so that Cetip clients could then use international assets to hedge against risk by accessing Clearstream's collateral pool, the Global Liquidity Hub. Further talks are underway with international partners, including the Australian stock exchange organization ASX Group.

-Market Data & Analytics business grew 8% year on year.

-Growth in transactions and business was supported by significant investments in information technology over the past year.

-This includes the successful launch of Optimise - the new proprietary trading architecture of Deutsche Boerse - at U.S. unit International Securities Exchange Holding. Another was the launch of a leading client-segregation solution by Eurex Clearing.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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