Eurex in Asia: Diversity, flexibility and 100 percent commitment.

Transcription

1 Eurex in Asia: Diversity, flexibility and 100 percent commitment.

2 Partner with one of the world s leading derivatives exchanges Eurex Group is comprised of Eurex Exchange, Eurex Clearing, Eurex Repo, Eurex Bonds, the International Securities Exchange (ISE) and the European Energy Exchange (EEX). Each of our six businesses is a leader and innovator in their own area, turning ideas into opportunities in trading, clearing, technology and risk management. Eurex Group is owned by Deutsche Börse AG. 1

3 Eurex Exchange operates, with a volume of yearly 2 billion contracts, one of the leading derivatives markets in the world. Our trading platform is based on an innovative IT infrastructure providing clients with access to a global liquidity network. With more than 1,900 products Eurex covers the classic as well as alternative asset classes and serves plus 420 members and about 8,000 traders in 33 countries worldwide. Our futures and options on EUR-dominated government bonds and derivatives on the benchmark indexes DAX and EURO STOXX are among the most heavily traded equity and interest rate derivatives in the world. market access via a data center linkage. With the link, customers of each exchange can more easily and cost-effectively access both markets by connecting their trading systems to either the SGX or Eurex and Deutsche Börse co-location data centers. Building on our track record as the first-mover in electronic trading, Eurex Exchange is about to transform the way its customers trade at Eurex. A new trading architecture is improving on our industry-leading performance while offering clients more flexibility and efficiency. In Asia we are working in partnership with local Asian exchanges to expand the range of Asian derivatives available at Eurex Exchange. Our sucessful cooperation with the Korea Exchange KRX allows investors to continue to trade KOSPI 200 Options on Eurex after close of the Korean market. More than 100,000 KOSPI 200 Options a day were traded on average on Eurex in Deutsche Börse and Eurex operate 14 access points in major international financial centers around the world, offering Eurex member firms direct, high-speed and cost-effective network access to Eurex s highly liquid trading platform. We have considerably expanded bandwidth in our access points in Hong Kong and Singapore, enabling our participants to obtain connections of up to 80 Mbit/s. In Singapore, Eurex and the Singapore Exchange (SGX) offer their customers 2 3

4 Providing access to global benchmark products Eurex provides an extensive range of products, including some of the world s most heavily traded derivative contracts. Our aim is simple to make trading, hedging and risk management easier for anyone with exposure to the financial markets. EURO STOXX 50 The European Benchmark Index The EURO STOXX 50 Index is composed of large cap companies of 12 Eurozone countries. With an average daily trading volume of 2.3 million contracts* the futures and options on EURO STOXX 50 are the most heavily traded products at Eurex Exchange. Constituents include such renowned companies as Nokia, Siemens, Danone or LVMH. DAX The German Benchmark Index DAX is Deutsche Börse s blue chip index for the German stock market one of the most efficient stock markets in Europe. The DAX is an attractive underlying for derivative financial instruments. It comprises the 30 largest and most actively traded German companies, as for example Daimler, BMW, Volkswagen, Allianz and Lufthansa. Bund, Bobl, Schatz EUR-denominated German Government Bond Futures At Eurex you can trade the European yield curve with the world s most heavily traded fixed income derivatives, averaging 1.5 million* contracts on a daily basis. Our Euro-Schatz, Euro-Bobl and Euro-Bund contracts allow you to manage your interest rate risk and serve as a standard benchmark when comparing and evaluating interest rates in Europe. Eurex KOSPI Product The Eurex/KRX Link is giving Eurex members direct access to KOSPI 200 Options, the most heavily traded options contract in the world. This product cooperation between KRX and Eurex Exchange enables market participants to trade KOSPI 200 Options during core European and North American trading hours. Since its launch on 30 August 2010, the Eurex KOSPI Product has steadily increased the notional value of its daily average volume and achieved an ADV of more than 100,000 contracts in * Based on 2012 figures * Based on 2012 figures 5

5 Join the liquidity direct membership at Eurex Exchange In the Asian region financial institutes from Australia, UAE, Hong Kong, Japan, Korea, Singapore and Taiwan can become Eurex Exchange members. Investors from other Asian countries can, depending on local financial market regulations, trade Eurex products via international intermediaries. Being a Eurex trading member means, you have the advantage of not paying any admission or membership fees and getting your market data for free. Our Membership Incentive makes trading at Eurex even more beneficial. It offers two incentive components designed to reduce trading and connection fees for newly admitted members. The first component consists of a monthly fee waiver of up to EUR 3,000 and the second component offers a monthly high-volume transaction fee-waiver of up to EUR 1,500. In addition, the Trader Development Program incentivizes new traders from Asia who qualify for the program allowing them to benefit from fee rebates as well as educational support. Take advantage of our incentive schemes by contacting one of our representatives in Asia. Full details are available on Always aiming at attracting new participants to Eurex, we have launched a new initiative for our trading participants. Our Incentive Scheme Asia Pacific offers a connection fee reduction of 50 percent for 18 months for both, existing and new participants from Asia and Australia, and will grant additional volume-based discounts for Asian-based subsidiaries of existing Eurex members. This scheme is available until the end of

6 Innovative clearing concepts for Asian clients Eurex Clearing acts as a Central Counterparty for a variety of exchange traded and OTC products and is, as such, one of the leading clearing houses in the world. This means risk is mitigated for both contractual partners whether the contracts are traded on- or off-exchange. The need for effective risk management has never been as important as today. Asian banking institutions are positioning themselves as pan- Asian clearing hubs. Eurex Clearing, with its innovative risk management solutions and state-ofthe-art clearing technologies, intends to contribute to market safety and integrity as well in this region. Based on growing customer interest, Eurex Clearing is continuously aiming at getting the regulatory approvals to be able to offer Clearing Memberships in several Asian markets. For Singapore the permission has been granted already in Together with Deutsche Börse Group, Eurex Group is covering the entire value chain from trading to clearing and settlement. Introducing the European markets to Asian clients With its Asia Training & Education Initiative Eurex trains investment professionals of the member firms, staff members of financial institutions as well as young academics to enhance their knowledge and expertise. It covers China, Hong Kong, Taiwan, Singapore, India, Japan, UAE and Malaysia and offers courses on the European markets in general and futures and options trading in particular. Special emphasis is put on co-operations with educational institutes. This currently includes co-operations with leading universities and associations, e.g. the Singapore Management University (SMU), the Shanghai Advanced Institute of Finance (SAIF) of Shanghai Jiao University, the Chinese University Hong Kong (CUHK), the National Taiwan University (NTU), the Securities & Futures Institute (SFI) Taiwan or the Chinese Futures Association (CFA). So far, more than 5,000 participants in eight countries have taken part in these trainings. 8 9

7 Contacts Facts and figures Our European Market Outlook newsletter focuses on the European financial markets and provides you with a preview of the day ahead on the basis of in-depth facts and figures. It is available in English and Chinese. The Index Futures Daily (in Chinese only) and the Index Options Weekly (available in English and Korean) are both published by Trading Central.* They give you the opportunity to subscribe to an exclusive and complimentary report, providing you with the chance to gain exposure to original investment strategies in DAX, EURO STOXX 50, KOSPI 200, Hang Seng and CSI 300 Index. Register to our newsletters at > Market Information > Newsletters. For the latest updates on Eurex products and services follow us on LinkedIn and Twitter. Frankfurt Gregor Althoff Eurex Frankfurt AG Frankfurt/Main, Germany T asia-business@eurexchange.com Singapore Henk Huitema Eurex Frankfurt Aktiengesellschaft Singapore Branch 9 Raffles Place #56 01, Republic Plaza Singapore , Singapore T info.singapore@eurexchange.com Hong Kong Markus Georgi Eurex Frankfurt AG 11/F, Room 1101, 1 Duddell Street, Central Hong Kong T info.hong-kong@eurexchange.com China/Taiwan Michael Hsih Eurex Frankfurt AG 11/F, Room 1101, 1 Duddell Street, Central Hong Kong T michael.hsih@eurexchange.com * Trading Central is a leading investment research company, and certified member of all three Independent Research Associations: Investorside, EuroIRP and AsiaIRP. Trading Central is a Registered Investment Advisor with the SEC and one of the Best Performing Research Firms as measured independently by Trade Ideas Monitor, Investars, Integrity Research Associates and the Technical Analyst Magazine. Tokyo Nagayoshi Miyata Deutsche Börse Group Representative Office 12th floor Yurakucho ITOCiA, Yurakucho, Chiyoda-ku, Tokyo, Japan T info.japan@eurexchange.com 10 11

8 Eurex 2013 Deutsche Börse AG (DBAG), Clearstream Banking AG (Clearstream), Eurex Frankfurt AG, Eurex Clearing AG (Eurex Clearing) as well as Eurex Bonds GmbH (Eurex Bonds) and Eurex Repo GmbH (Eurex Repo) are cor - porate entities and are registered under German law. Eurex Zürich AG is a corporate entity and is registered under Swiss law. Clearstream Banking S.A. is a corporate entity and is registered under Luxembourg law. U.S. Exchange Holdings, Inc. and International Securities Exchange Holdings, Inc. (ISE) are corporate entities and are registered under U.S. American law. Eurex Frankfurt AG (Eurex) is the administrating and operating institution of Eurex Deutschland. Eurex Deutschland and Eurex Zürich AG are in the following referred to as the Eurex Exchanges. All intellectual property, proprietary and other rights and interests in this publication and the subject matter hereof (other than certain trademarks and service marks listed below) are owned by DBAG and its affiliates and subsidiaries including, without limitation, all patent, registered design, copyright, trademark and service mark rights. While reasonable care has been taken in the preparation of this publication to provide details that are accurate and not misleading at the time of publication DBAG, Clearstream, Eurex, Eurex Clearing, Eurex Bonds, Eurex Repo as well as the Eurex Exchanges and their respective servants and agents (a) do not make any representations or warranties regarding the information contained herein, whether express or implied, including without limitation any implied warranty of merchantability or fitness for a particular purpose or any warranty with respect to the accuracy, correctness, quality, completeness or timeliness of such information, and (b) shall not be responsible or liable for any third party s use of any information contained herein under any circumstances, including, without limitation, in connection with actual trading or otherwise or for any errors or omissions contained in this publication. This publication is published for information purposes only and shall not constitute investment advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. This publication is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this publication are for illustrative purposes only. Eurex and Eurex Clearing offer services directly to members of the Eurex exchanges respectively to clearing members of Eurex Clearing. Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others or who desire to possess a clearing license of Eurex Clearing in order to participate in the clearing process provided by Eurex Clearing, should consider legal and regulatory requirements of those jurisdictions relevant to them, as well as the risks associated with such products, before doing so. Eurex derivatives are currently not available for offer, sale or trading in the United States or by United States persons (other than EURO STOXX 50 Index Futures, EURO STOXX Select Dividend 30 Index Futures, EURO STOXX Index Futures, EURO STOXX Large/Mid/Small Index Futures, STOXX Europe 50 Index Futures, STOXX Europe 600 Index Futures, STOXX Europe 600 Banks/Industrial Goods & Services/Insurance/Media/Travel & Leisure/Utilities Futures, STOXX Europe Large/Mid/Small 200 Index Futures, Dow Jones Global Titans 50 Index SM Futures (EUR & USD), DAX /MDAX /TecDAX Futures, SMIM Futures, SLI Swiss Leader Index Futures as well as Eurex inflation/commodity/weather/property and interest rate derivatives). Trademarks and Service Marks Buxl, DAX, DivDAX, eb.rexx, Eurex, Eurex Bonds, Eurex Repo, Eurex Strategy Wizard SM, Euro GC Pooling, FDAX, FWB, GC Pooling, GCPI, MDAX, ODAX, SDAX, TecDAX, USD GC Pooling, VDAX, VDAX-NEW and Xetra are registered trademarks of DBAG. Phelix Base and Phelix Peak are registered trademarks of European Energy Exchange AG (EEX). The service marks MSCI Russia and MSCI Japan are the exclusive property of MSCI Barra. RDX is a registered trademark of Vienna Stock Exchange AG. IPD UK Annual All Property Index is a registered trademark of Investment Property Databank Ltd. IPD and has been licensed for the use by Eurex for derivatives. SLI, SMI and SMIM are registered trademarks of SIX Swiss Exchange AG. The STOXX indexes, the data included therein and the trademarks used in the index names are the intellectual property of STOXX Limited and/or its licensors. Eurex derivatives based on the STOXX indexes are in no way sponsored, endorsed, sold or promoted by STOXX and its licensors and neither STOXX nor its licensors shall have any liability with respect thereto. Dow Jones, Dow Jones Global Titans 50 Index SM and Dow Jones Sector Titans Indexes SM are service marks of Dow Jones & Company, Inc. Dow Jones-UBS Commodity Index SM and any related sub-indexes are service marks of Dow Jones & Company, Inc. and UBS AG. All derivatives based on these indexes are not sponsored, endorsed, sold or promoted by Dow Jones & Company, Inc. or UBS AG, and neither party makes any representation regarding the advisability of trading or of investing in such products. All references to London Gold and Silver Fixing prices are used with the permission of The London Gold Market Fixing Limited as well as The London Silver Market Fixing Limited, which for the avoidance of doubt has no involvement with and accepts no responsibility whatsoever for the underlying product to which the Fixing prices may be referenced. PCS and Property Claim Services are registered trademarks of ISO Services, Inc. Korea Exchange, KRX, KOSPI and KOSPI 200 are registered trademarks of Korea Exchange, Inc. BSE and SENSEX are trademarks/service marks of Bombay Stock Exchange (BSE) and all rights accruing from the same, statutory or otherwise, wholly vest with BSE. Any violation of the above would constitute an offence under the laws of India and international treaties governing the same. The names of other companies and third party products may be trademarks or service marks of their respective owners.

9 Eurex, March 2013 Published by Eurex Frankfurt AG Mergenthalerallee Eschborn Germany Eurex Zürich AG Löwenstrasse Zurich Switzerland ARBN Number Eurex Frankfurt AG ARBN Order Number E5E