Eurex Shortens Trading Hours for Equity Options and Equity Index Options

Entry of OTC block trades and vola trades still possible until 8:00 p.m.

Frankfurt, Germany - October 20, 2003 - Effective November 3, Eurex, the international derivatives market, will shorten the trading hours for equity options and equity index options; these products are currently traded until 8:00 p.m. CET. As of November 3, trading in German and U.S. equity options, EXTF options (Euro-denominated) as well as in options on the indices DAX, TecDAX, Nemax 50 and DJ Global Titans will end at 5:30 p.m. CET. As of the same date, Finnish equity options and HEX25 index options will be traded until 6:30 p.m. CET. The changes are subject to the approval of the Eurex Exchange Council.

As of November 3, OTC block trades and vola trades for all equity-based option products can also be entered until 8:00 p.m. during the post-trading phase; up to now, such trades could only be entered during the trading phase. For customers this will not result in any changes in the use of these functionalities. Eurex is introducing the earlier close of trading in response to requests from many market participants.

Press contacts:
Walter Allwicher, Candice Adam
Tel: + 49-69-21 11-1500

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