Malta Stock Exchange Extends Deutsche Börse Tech Deal
- Trading Systems
- 15.05.2017 05:30 am
The Malta Stock Exchange is to continue its use of Deutsche Börse trading technology. The two stock exchanges have extended their agreement retroactively from 1 January 2017, for another five years, until 31 December 2021.
In this context, the Malta Stock Exchange has also extended its trading hours. Daily trading in a number of products is now possible from 9.00 a.m. to 3.30 p.m.
“Deutsche Börse offers extremely reliable and high-performance trading technology. The partnership in place since 2012 has proven successful for the Malta Stock Exchange, which is why we decided to tackle future technological changes and challenges facing the financial sector jointly with Deutsche Börse again,” commented Simon Zammit, Malta Stock Exchange CEO.
“We are pleased that the Malta Stock Exchange has chosen Deutsche Börse's IT services and technology solutions. Trading participants will continue to benefit from our continually improved cash market technology as well as from a large international network of market participants,” commented Holger Wohlenberg, Managing Director of Deutsche Börse Market Data + Services.
The agreement ensures that the Malta Stock Exchange will continue to operate its cash market with highly efficient technology in the future. The two parties have thus agreed that all future modifications or updates to Deutsche Börse’s trading infrastructure will also be introduced on the Malta Stock Exchange.
A number of other stock exchanges in Europe and around the world also use Deutsche Börse's trading infrastructure. Cash market trading on the Vienna Stock Exchange has been based on the Xetra system since November 1999. The stock exchanges in Prague and Budapest have used the trading system since November 2012 and December 2013, respectively.
The Irish Stock Exchange, which introduced Xetra technology in 2000, extended its trading system agreement with Deutsche Börse last year, until 2021. The Bulgarian Stock Exchange has used Xetra technology since 2008. The Deutsche Börse Eurex Bonds platform also uses this technology. Moreover, the Shanghai Stock Exchange's New Generation Trading System was developed on the basis of Xetra.