6 Börse Berlin AG (private law) provides services Clearing Houses LCH.Clearnet SA LCH.Clearnet Ltd. Six x-clear AG EuroCCP Executive Board Trading Participants Equiduct Supervisory Board Regulates and administrates Clearing Trading Börse Berlin (public law institution) regulates trading Exchange Council (rule making) Management Board (admission) Penalty Committee Market Surveillance (monitoring) Two market places Equiduct XONTRO