Deutsche Börse AG is one of the leading European stock exchanges. Net sales break down by activity as follows: - trading services (41.3%): execution and management of operations on derivatives and in cash (shares, bonds, warrants, etc.; Xetra); - compensation, payment-delivery, and conservation services and securities (36.6%); - distribution of indexes and market data (22.1%). The group is also involved in development and implementation of IT solutions. Net sales are distributed geographically as follows: European Union (52.9%), Europe (26.6%), America (13.6%) and Asia/Pacific (6.9%).