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Software for Deutsche Börse Group to be developed in Prague

Deutsche Börse Group is in the process of setting up a subsidiary: Deutsche Börse Services s.r.o. will support the development of the Group’s IT applications and adopt tasks that are currently outsourced to external service providers. Thus, the Group is aiming to further extend its core competencies in the strategically important IT area. Deutsche Börse Services s.r.o. will be a 100-percent subsidiary of Deutsche Börse Group. The company is anticipated to grow to a highly qualified workforce of around 150 staff.

17.06.2006

Dr. Michael Kuhn, CIO of Deutsche Börse Group said:„ Based on an economic comparison of several Central and Eastern European states, the Czech Republic emerged clearly as the best choice for our new subsidiary. It offers highly qualified IT specialists with good language skills in both English and German.”

“The Deutsche Börse Group is among the world’s largest exchange organisations
and is one of the most successful German companies,” adds Marek Doubravsky, Project manager of CzechInvest. “The Czech Republic received this important project after withstanding competition from other Central European countries. In addition to the abundance of qualified specialists, the direct air links from Prague were a key factor as the company has similar centres in Frankfurt and Luxembourg and the convenient and flexible transfer of experts among individual centres is of key importance.” Deutsche Börse Services is beginning its search for qualified employees and the centre should begin operations during the summer.

University students focused on information technology today needn’t worry that they will not find stable employment. University cities are the object of ever-growing interest from similar companies. With some large projects, we are beginning to encounter a certain anxiety as to whether the Czech Republic is able to offer a sufficient number of specialists. A technical education today thus offers excellent prospects,” says Tomas Hruda, CEO of CzechInvest.


MORE ABOUT THE COMPANY


It is a leading exchange organisation in the world which has a product and services portfolio that covers the entire value chain: including spot and derivatives trading, central counterparty services, clearing, transaction settlement, the provision of market information and the development and operation of electronic trading systems.

As a global integrated exchange organisation serving the financial markets with electronic trading, clearing, settlement and information services, Deutsche Börse Group runs the world’s largest derivatives market on its Eurex platform, Europe’s leading cash market on Xetra and is also a leading European post-trade service provider for settlement and custody services at Clearstream International.

With its process-oriented business model, Deutsche Börse increases the efficiency of capital markets: issuers benefit from low capital costs while investors enjoy the advantages of high liquidity and low transaction costs.


COMPANY CONTACT:

Mr. Michael Gassmann, Managing Director
Deutsche Börse Services s.r.o.
Karlova 455/48, 110 00 Prague 1
Phone: +420 234 262 377
E-mail: michael.gassmann@deutsche-boerse.com