Deutsche Börse lists exchange-traded Xetra Gold in Luxembourg

At the investor's request, each unit can be exchanged for one gram of physical gold, which is held in a vault by Clearstream Banking Frankfurt, a Deutsche Börse subsidiary. Umicore then handles the delivery of gold to the investor. The product was originally launched in Germany in 2007, where its turnover reached €190.8 million in October 2008, representing 49% of all exchange-traded commodity volume out of 114 products listed on the Frankfurt Stock Exchange that month.

The bearer's note also meets Ucits (undertakings for collective investments in transferable securities) requirements: a European Union directive which sets out certain criteria for investment funds.

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