Deutsche Börse AG / Miscellaneous 26.08.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche Börse AG has announced its decision to reduce transaction fees as part of the Automated Trading Program (ATP) on Xetra. Furthermore, Eurex Clearing AG will introduce a simplified service for clearing Xetra transactions. As of September 2008, a new pricing and discount model will apply for algorithmic trading under the ATP on Xetra, in which computers evaluate trading signals and place orders independently in the system. Under the new model, there will no longer be a minimum fee of 0.60 for executed orders; instead transaction fees even for small orders will be based on the value of the executed order. Further, instead of the current seven there will be eight discount levels in the future and discount rates per discount level will increase from 7 to 7.5 percent. As a result, the maximum discount rate on Xetra transaction fees will increase from 49 to 60 percent. Starting November 2008, Eurex Clearing AG, an indirect subsidiary of Deutsche Börse AG through its Eurex joint venture, will provide two additional service offerings for clearing Xetra transactions. It will offer a 'Basic Net Service' and an 'Extended Net Service' in addition to the current comprehensive service. New prices also apply along with the differentiated service offering, which means a maximum fee reduction of up to 40 percent, depending on the service selected. On the basis of the first half of 2008, the ATP adjustment assuming unchanged trading volumes would result in a fee reduction of 10 million per year. The 'Net Service' clearing offering would mean a fee reduction of a projected 25 million per year depending on the migration of participants to these service offerings. Due to the price sensitivity of trading and clearing participants, positive impacts on transaction volumes and correspondingly a large compensation of the price effects on sales revenues are expected. Contact: Dr. Frank Herkenhoff Tel.: +49-69-21 11 15 00 DGAP 26.08.2008 --------------------------------------------------------------------------- Language: English Issuer: Deutsche Börse AG Neue Börsenstraße 1 60487 Frankfurt am Main Deutschland Phone: +49 (0)69 211 - 0 Fax: +49 (0)69 211 - 12005 E-mail: ir@deutsche-boerse.com Internet: www.deutsche-boerse.com ISIN: DE0005810055 WKN: 581005 Indices: DAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Deutsche Börse AG: Adjustment to the pricing model for algorithmic trading and the service offering for equity clearing
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