Deutsche Boerse Unveils New T7 Trading Technology

Deutsche Boerse Unveils New T7 Trading Technology
04.07.2017 08:00 am

Deutsche Boerse Unveils New T7 Trading Technology

Trading Systems

Deutsche Boerse’s T7 trading technology went live today for Xetra trading on the Frankfurt Stock Exchange, thereby putting both Xetra and Eurex derivatives trading on the same system.

Eurex Exchange, the European Energy Exchange (EEX) and the Bombay Stock Exchange (BSE) already are using T7 trading technology, while Vienna Stock Exchange and the Irish Stock Exchange will soon migrate their systems to T7.

The new system reduces latency, meaning the time for order processing, even further. Harmonizing Xetra and Eurex trading technology also produces significant synergies and means lower development and maintenance costs for those participants who are active on both markets.

Eurex trading participants, for instance, will benefit from easier access to Xetra, while regulatory requirements and technical updates can also be integrated into the trading system more quickly and efficiently.

“The new trading technology T7 gives investors and exchange-listed companies access to a sustainable and extremely reliable system that already has a proven track record on different international stock exchanges,” said Hauke Stars, Deutsche Börse Executive Board member responsible for Cash Market, Pre-IPO & Growth Financing.

“Trading participants specifically benefit from cash market and futures trading synergies and further reduction in latencies.”

The Xetra trading platform on the Frankfurt Stock Exchange is the global reference market for German equities and the leading market for European ETF trading. Some 1,000 international equities and 1,500 exchange-traded products (ETFs, ETCs and ETNs) are currently tradable on Xetra. Order execution in continuous trading is fully automated. Designated sponsors provide additional liquidity in trading, which increases quote traffic and tightens spreads.

In 1997, Deutsche Börse heralded a new age for the stock market with its launch of the fully electronic Xetra trading system. Xetra quickly became a leading trading system worldwide and is synonymous with electronic and globalised securities trading.

Related News

Winvesta Taps DriveWealth to Offer Indian Investors Access to U.S. Securities

DriveWealth, LLC,  a U.S. based leader in global digital trading technology, announced today a partnership with ... Read more »

Horizon Software announces outsourcing contract for market making on the Hellenic Energy Exchange Market

Horizon Software (Horizon), the world’s leading SaaS provider of electronic trading solutions and algorithmic technology... Read more »

Rapid Addition Launches Next Gen Platform Technology for Electronic Trading

Rapid Addition balances the trade-offs between buy versus build with the launch of its next generation trading technology platform. RA Platform 3.0 takes performance, control... Read more »

ZUBR’s Crypto Derivatives Platform Enables Faster Access to Leading Exchanges with Avelacom

ZUBR, the arbitrage hub for digital asset derivatives, has selected Avelacom to provide low latency and resilient connectivity services across major cryptocurrency markets in... Read more »

ZUBR’s Crypto Derivatives Platform Enables Faster Access to Leading Exchanges with Avelacom

ZUBR, the arbitrage hub for digital asset derivatives, has selected Avelacom to provide low latency and resilient connectivity services across major cryptocurrency markets in... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel