Italian derivatives

From July 2008 we are offering London Stock Exchange and EDX members (who are not already IDEM members) lower cost access for up to one year of trading on IDEM, which is the leading Italian equity derivatives market and the 3rd largest in Europe. IDEM provides members with access to futures, mini-futures and options on the S&P/MIB Index as well as futures and options on single stocks.

Further information about IDEM is available at: http://www.borsaitaliana.it/chi-siamo/mercati-gestiti/derivati/derivati.en.htm

To take advantage of this opportunity member firms will take membership of IDEM and clear through CC&G, the Italian clearing house (acting as CCP on IDEM). Member firms may use CC&G by either becoming a CC&G member or by using a general clearing member of CC&G.

Participating firms will benefit from the following incentives:

• Borsa Italiana annual market membership - fee waived
• IDEM market subscription - fee waived
• Market access infrastructure (Primary Site only) - 25% fee reduction
• CC&G annual membership on derivatives - fee waived

To find out more contact:

Borsa Italiana, Membership:
tel: +39 02 7242 6207
email: membership@borsaitaliana.it

CC&G Client Services & Business Development:
tel: +39 02 7242 6501
email: client.services@ccg.it