Alternative Exchange Spurs Changes to Reference Data

FRANKFURT & ZURICH-Deutsche Börse and Swiss exchange operator SWX are launching a new joint venture, Alternative Exchange, dubbed Alex, for trading structured products. Although the move shouldn't result in significant changes to traders and issuers, data vendors will need to accommodate the new reference entity. SWX is awaiting regulatory approval before issuing a note to vendors outlining the specifications of the reference entity changes. Alex is set to launch on the first of January 2007

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