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Synthesis Bank

Synthesis Bank announces agreement with Chicago Mercantile Exchange

Geneva (ots)

Synthesis Bank, the Swiss leader in online
investment banking, has entered into a marketing agreement with
Chicago Mercantile Exchange (CME), the largest futures exchange in
the United States with the broadest global distribution for trading
futures electronically. This makes the electronic trading platform,
Synthesis TradingFloor (www.tradingfloor.com), CME's only partner in
Switzerland.
In March 2005, Synthesis Bank launched the most complete and least
expensive high-performance trading platform in the market. In early
July 2005, Synthesis introduced Easy TradingFloor, offering private
investors (from CHF 2,000) a simplified version that is just as
effective and competitive.
With today's announcement, Synthesis Bank further increases the
visibility of its range of options and derivatives by offering its
customers the ability to trade CME interest rates, currencies and
stock indices (NASDAQ(r), S&P 500(r) and Russell(r)). These products
can be traded virtually 24 hours every trading day in real time. In
addition, CME will be working with Synthesis to offer educational
seminars online and speaking opportunities.
Synthesis Bank's CEO and majority shareholder, Charles-Henri Sabet
says, "We are proud of this agreement with America's principal
futures exchange because it proves two things: firstly, that we have
won the trust of the major international players and have gained
credibility in the international markets in just a few months, and
secondly, that the volume of transactions we generated with CME was
important and convincing enough to further build on our
relationship."
CME's managing director for Europe and Asia, Arman Falsafi adds,
"This co-operation with Synthesis Bank is important for CME as we
continue to make our diversified products accessible via our
electronic trading platform to a growing number of clients around the
world. As global investment benchmarks, the CME's stock indices,
Eurodollar and foreign exchange products have long been strategic
financial instruments allowing companies and private investors to
manage their risk and exposure."
Last year, as part of the exchange's European growth strategy, CME
launched six telecommunication hubs in key European financial centers
(Amsterdam, Dublin, Frankfurt, Gibraltar, Milan, Paris) following the
opening of the inaugural hub in London in January 2002. The hubs help
improve access and reduce connectivity costs for current and
potential CME market users in the region.
Average daily volume for CME was 4.4 million contracts for
second-quarter 2005, a 33 percent increase from second-quarter 2004. 
Trading on the CME(r) Globex(r) electronic trading platform grew 82
percent to 3.1 million contracts per day in second-quarter 2005 from
1.7 million per day in second-quarter 2004.  Electronic volume
represented 71 percent of total CME volume in the quarter, compared
with 66 percent in first-quarter 2005 and 52 percent in
second-quarter 2004.
Synthesis Bank
In 1991, Charles-Henri Sabet, then aged 30, founded Trading &
Commercial Consulting (TCC), a Geneva-based company specialising in
forex, options and interest rates. By 1999, TCC had grown into one of
Europe's leading trading firms, and the Swiss Federal Banking
Commission granted it a banking licence. The company changed its name
to Synthesis Bank in 2000. In 2004, Synthesis launched a 24-hour
online trading platform called TradingFloor, where private and
professional investors can trade all financial products in the most
competitive conditions: stocks, bonds, options, futures, precious
metals, spot and term currencies. Synthesis has also become the
specialist in CFDs (Contracts For Difference). www.synthesisbank.com
Chicago Mercantile Exchange Inc.
Chicago Mercantile Exchange Holdings Inc. became the first
publicly traded U.S. financial exchange on Dec. 6, 2002.  The company
was added to the Russell 1000(r) Index on July 1, 2003.  It is the
parent company of Chicago Mercantile Exchange Inc. (www.cme.com), the
largest futures exchange in the United States.  As an international
marketplace, CME brings together buyers and sellers on its CME Globex
electronic trading platform and on its trading floors.  CME offers
futures and options on futures primarily in interest rates, equities,
foreign exchange and commodities.  The exchange moved about $1.6
billion per day in settlement payments in the first half of 2005 and
managed $43.7 billion in collateral deposits at June 30, 2005,
including $4.0 billion in deposits for non-CME products. Further
information about CME and its products is available on the CME Web
site. www.cme.com
Contacts:
Synthesis Bank 
Pierre-Yves Revaz, Head of Marketing & Communication
Tel. +41/22/317'95'00
Internet: www.tradingfloor.com
Chicago Mercantile Exchange
Allan Schoenberg, Associate Director
Tel. +01/312/930'81'89 
Internet: www.cme.com

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