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26.März.2002 HEREN newswire:
Deutsche Borse seeks to launch web-based weather derivatives, emissions trading platform


THE DEUTSCHE BORSE group is planning a foray into providing aninternet-based weather derivatives, emissions trading and freight transportations trading platform within the next year, high ranking officials at the company told journalists in London today.
The new trading platform - entitled xlaunch - is already being marketed to potential clients, xlaunch's Chief Executive Officer Martin Reck said. He believed that the new platform would fill a void in the fledgling emissions trading and weather derivatives market, as well as provide a comprehensive business services portfolio. "We have contacts in the industry (interested) in weather derivatives and emissions trading. The technology is ready, the next step is to bring it into the market place this year," Reck said. He was unable to specify when xlaunch would be operational. "Weather derivatives are an emerging market. Although products are being traded on stock exchanges, they are not very liquid. We
are looking for ways to bring the market forward," Reck said. He added that xlaunch's commodity trading platform would provide a single dealer setting to customers, which would permit "dealers to select counterparties that they wanted to trade with."

One of xlaunch's core trading parameters is to provide a one-stop shopping service to clients. Through a series of products tailored to the financial and non-financial sector, customers could invest in a number of other financial markets such as equities, foreign exchange and telecommunications services. With regards to emissions trading and weather derivatives, xlaunch is targeting financial institutions, energy producers and participants that consume energy.

"There are no membership fees. We would be the service provider, manage the technology," xlaunch's Director, Business Architect Bernd Mack said.

He added that xlaunch was looking to provide services beyond providing indices. "We are looking to provide hub solutions. The market tends to provide tailored solutions to the market, we have a transaction-based model that can offer the backend (technological) side of it." Recently,
Deutsche Borse appointed Toronto-based Basis100 Inc. as xlaunch's technology provider.




Aktualisierung: Son, 23.06.2002



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