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Structured Products Exchange Named "Scoach"

Joint venture between Deutsche Börse and SWX Group to operate under new name from 1 September 2007
14 August 2007

Scoach: The structured products joint venture between the SWX Group and Deutsche Börse will in future be known as "Scoach". The new name was announced by both partners on 14 August 2007. To date, the exchange has operated in Switzerland under the name SWX Quotematch Ltd and in Germany as Börse Frankfurt Smart Trading AG. Scoach is expected to become Europe's leading structured products exchange. Scoach further extends the flourishing partnership between the SWX Group and Deutsche Börse in the world's number one futures exchange Eurex and the pan-European index provider STOXX.

Scoach focuses on the fast-growing structured products segment (certificates, investment and leverage products). It was launched successfully on 1 January 2007 and has since achieved record trading volumes, gaining market share in both its home markets.

April 2008 will see Scoach migrate trading in structured products on the German market to Deutsche Börse's modern, high-performance Xetra platform. In doing so, Scoach will be adding more than 100 foreign trading participants and thus reaching retail customers from all over Europe.

Scoach will be presenting its new identity to a broader public at the International Investors Fair (IAM) in Düsseldorf from 7-9 September 2007, as well as at the first-ever Financial Fair for Structured Products, to be held in Zurich on 17/18 October 2007.

Further Information:

SWX Group
The SWX Group offers its customers a comprehensive range of solutions for the domestic and crossborder trading and admission of securities. Owing to its in-depth knowledge of local and international market circumstances, its inclusion of participants in the strategic and operational decision-making process, as well as its technological prowess, the SWX Group is in a position to develop qualitatively leading and cost-effective trading platforms that meet the specific needs of market participants.

SWX Swiss Exchange
The SWX Swiss Exchange, a part of the SWX Group, is one of the world's leading and most technologically advanced securities exchanges. It provides customers with first-rate securities exchange services and brings together participants, issuers and investors in an efficient and transparent marketplace. In addition to the broad palette of products it offers, the SWX Swiss Exchange's integrated, fully automatic trading, clearing and settlement system is indeed convincing: at the click of a mouse, orders are executed, cleared, settled and confirmed.

Gruppe Deutsche Börse
Deutsche Börse Group, a DAX company and the world's largest stock market organisation, is a leading global service provider to the securities industry, with a portfolio of products and services serving issuers, investors, intermediaries and data vendors. The Group covers the entire process chain, from trading through to clearing, settlement and securities safekeeping. In addition, the Group offers market data, indices and analyses and is a service provider in the development and operation of IT systems.

The most important of the Group's own exchanges are Börse Frankfurt, the Frankfurt stock exchange, and the world's largest futures exchange Eurex, a joint venture between Deutsche Börse and the SWX Group. Deutsche Börse's communications network connects around 700 banks and securities trading houses around the world to these exchanges.

Related Links
Scoach website (www.scoach.com)
SWX Group website (www.swxgroup.com)
SWX Swiss Exchange website (www.swx.com)
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