NASDAQ OMX starts trading in euro STOXX50 Index ETF from Deutsche Bank

NASDAQ OMX starts trading in euro STOXX50 Index ETF from Deutsche Bank

26/03/10

NASDAQ OMX today starts trading in the db x-trackers DJ Euro STOXX50 Index ETF, an exchange traded fund (ETF) from Deutsche Bank. The ETF is based on the EURO STOXX 50 Index, Europe's leading Blue-chip index for the Eurozone, and will be traded at NASDAQ OMX Stockholm. This is the first product in a broad portfolio of ETFs that Deutsche Bank will launch at NASDAQ OMX Stockholm over the following weeks.

"Jenny Rosberg, Senior Vice President NASDAQ OMX said, "Deutsche Bank is one of Europe's leading issuers of ETF products and we are very pleased to now be able to offer trading in one of their flagship products. Deutsche Bank's entry into the Nordic ETF market will enable our investor community to trade a wide variety of internationally recognized indices in local currency, and thus help grow the popularity of ETFs in the region."

Additional ETFs from Deutsche Bank will track developed market indices such as MSCI World, MSCI Europe, MSCI Japan, DAX and emerging markets such as Brazil, Russia, India and China. The range will be complemented by a range of ETFs tracking daily short indices - ShortDAX, DJ Euro STOXX50 Short Daily Index and DJ STOXX 600 Banks Short Daily Index. For all db x-trackers ETFs, Deutsche Bank will act as a market maker to provide liquidity.

Thorsten Michalik, Head of db x-trackers ETFs at Deutsche Bank commented, "With today's listing at NASDAQ OMX Deutsche Bank marks the opening of its ETF supermarket in the Nordics. We are seeing a significant demand increase in ETFs from both private and professional investors across Europe, and as a result want to broaden the choice of products available to Nordic investors."