Deutsche Brse has added another exchange-traded fund (ETF) to its XTF section: the Dow Jones Euro STOXX 50 Master Unit.
The new ETF is issued by Lyxor International Asset Management, a subsidiary of Socit Gnrale, and tracks the DJ Euro STOXX 50.
Lyxor International Asset Management, a prominent ETF company in Europe, is joining the German ETF market for the first time.
This admission bring the number of ETFs listed on Deutsche Borse to 64. The exchange says this makes it the largest ETF exchange in Europe.
Simultaneously, Eurex announced it would accept ETF securities for deposit as collateral at Eurex Clearing AG from December 2002. Clearing members will also be able to deposit the exchange-traded funds DAX EX, DJ Euro STOXX 50 EX, DJ Euro STOXX 50 LDRS, Fresco DJ Euro STOXX 50 and Xmtch on SMI as collateral to cover the risks resulting from their trading activities.
Eurex has been offering trading in futures and options on ETFs since November 18, 2002.