Irish Stock Exchange preps for next gen Xetra migration
The Irish Stock Exchange (ISE) has renewed its strategic technology partnership with Deutsche Börse and extended its use of the Deutsche Börse trading infrastructure and related services. The new contract runs for 6 years until the end of 2021.
Deutsche Börse has provided the Xetra platform to the Irish Stock Exchange since June 2000. Several other stock exchanges in Europe and globally also use Deutsche Börse’s trading infrastructure. Cash market trading on the Vienna Stock Exchange has been based on the Xetra system since 1999, the Bulgarian Stock Exchange in 2008, the Malta Stock Exchange in 2012 and the Cayman Islands Stock Exchange in 2013. Deutsche Börse’s bond market Eurex Bonds also uses Xetra technology, and the Shanghai Stock Exchange based its own New Generation Trading System on Xetra technology.
Brian Healy, director for traded markets, development and operations at the ISE, said, “Our strategic partnership … enables us to continue delivering a world class electronic trading system to our equity markets. It also positions us to migrate to the next generation of the Deutsche Börse trading platform which will further develop trading capabilities, performance and capacity for our members.”
Deutsche Börse’s 2015 full year and Q4 2015 results are set to be released on Thursday, but growth in its services and data business was seen in its Q3 2015 results, when it reported sales revenues of €100 million, up from €94.5 million in Q3 2014.
Holger Wohlenberg, managing director for Deutsche Börse Market Data + Services, said, “By extending this agreement, the ISE has emphasised its trust in the high quality and reliability of our trading system. Participants at the ISE will continue to benefit from our state-of-the-art trading technology and from all the measures we take to further develop and increase the effectiveness of the system. At the same time, our customers benefit from easy access to the Irish market.”
Reported by Dan Barnes