First Step To Make U.S. Market Information Available Around The Clock

NEW YORK (Aug. 16, 2001) — Dow Jones Indexes will extend the real-time calculation of the Dow Jones Industrial Average to 13 hours a day, starting September 14.

Dow Jones Indexes will use component prices from Deutsche Börse’s new U.S. market segment, which will be launched that same day on its electronic trading platform, Xetra. Additionally, Dow Jones Indexes will use Xetra to price the U.S. and Asian components of the Dow Jones Global Titans 50 index from the beginning of the European trading day until the U.S. market opens at 9.30 am EST.

Investors and other market participants will now have an indication of the Dow Jones Industrial Average’s level prior to the opening of the U.S. market based on actual trades of the index’s 30 components. Dow Jones Indexes expects that the extended index calculation will help investors worldwide by providing more timely index values, improved liquidity of the stocks underlying the Dow Jones Industrial Average and the Dow Jones Global Titans 50, and improved price discovery in both cash and derivatives markets. Investable products based on the indexes are traded around the clock.

David Moran, president of Dow Jones Indexes said: “With its Global Market Concept, Deutsche Börse provides the basis for the Dow Jones Industrial Average to be the first country index to be calculated with price sources outside of its home time zone. We are confident that Deutsche Börse, together with the market makers for this segment, will ensure the necessary liquidity in the underlying components that will result in a reliable indicative calculation of the Dow Jones Industrial Average and improved price discovery for the Dow Jones Global Titans 50 index prior to the U.S. market opening.”

The indicative Dow Jones Industrial Average will be calculated and disseminated real-time from 3 am to 9.30 am EST, a total of 6.5 hours. The official Dow Jones Industrial Average calculation will not change, resuming at 9.30 am EST, with pricing from the New York Stock Exchange and Nasdaq markets. The official open, close and high/low values of the Dow Jones Industrial Average will not change and will be based solely on New York Stock Exchange and Nasdaq prices.

To distinguish between the indicative and official versions, the ticker symbol for the indicative Dow Jones Industrial Average in US dollars will be “DJII” and for the indicative version in euro the ticker symbol will be “DJIE”. Index values in US dollars are currently disseminated under the symbol “DJI” from 9.30 am EST until 4 pm EST. A euro version of the Dow Jones Industrial Average is being introduced because Xetra trading of the component stocks will be executed in euro.

Dow Jones Indexes will also use Xetra prices for its global blue-chip index, the Dow Jones Global Titans 50. The index, which is already calculated 24 hours a day, will use Deutsche Börse’s Xetra prices for its U.S. and Asian components from the beginning of trading in Europe until the open of trading in the U.S., at which point the calculation will switch to U.S. American depositary receipt prices. Home market prices resume when trading begins in the component stocks’ respective home markets the next business day.

The ticker symbol for the Dow Jones Global Titans 50 index in US dollars is “DJGT”. The ticker symbol for the euro version is “DJGTE”.

PRODUCT	TICKER SYMBOL		TICKER SYMBOL “INDICATIVE”		CODES
	USD	Euro	USD	Euro
Dow Jones Industrial Average	DJI		DJII	DJIE	DJI: ISIN: XC0009694206 DJII: ISIN: XC0007923920WKN: 792392 DJIE: ISIN: XC0007923946WKN: 792394
CBOE Options	DJX
CBOT Futures	DJ
CBOT Options on Futures	DJC (calls) DJP (puts)
Amex ETF DIAMONDS	DIA
Societé Generale ETF – Dow Jones Industrial Average Master Unit	DJE				Code Sicovam: 97366 ISIN: FR0007056841
Dow Jones Global Titans 50	DJGT	DJGTE			ISIN: XC0006602129 WKN: 660212
Eurex Options	OGTI				ISIN: DE0005705701 WKN: 570570
Eurex Futures	FGTI				ISIN: DE0005705693 WKN: 570569
SSgA Street Tracks ETF	DJT
AXA EasyETF	ETT				Code Sicovam: 97359 ISIN: FR0000973596