ISE extends Xetra contract with Deutsche Börse
The ISE has extended its use of the ISE Xetra trading system, the electronic securities trading platform developed by Deutsche Börse, for a further four years. The two companies announced this decision today having agreed to continue their co-operation until 31 December 2016.
Brian Healy, Director of Traded Markets, Development, Operations at the ISE said, “the ISE is delighted to extend its highly beneficial technology partnership with Deutsche Börse for the use of ISE Xetra. Our choice of Deutsche Börse and the Xetra platform has been very successful over the last 12 years and our assessment of the strategic advantages of the partnership remains as strong as ever. It is a key element in our provision of a leading edge, easily accessible trading and clearing infrastructure, on a very cost competitive basis, to our diverse membership base”.
Frank Gerstenschläger, member of the Executive Board of Deutsche Börse AG and responsible for the Xetra business area, 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 high-performance Xetra technology and from all the measures we take to further develop and increase the effectiveness of the system.”
Xetra technology is used by several other stock exchanges in Europe including the Vienna Stock Exchange, the Bulgarian Stock Exchange and the Ljubljana Stock Exchange. Most recently, the Malta Stock Exchange commenced trading on the Xetra platform in July 2012. The Eurex subsidiary Eurex Bonds also uses the Xetra system, and the Shanghai Stock Exchange based its own trading system on Xetra.
Xetra® is a registered trademark of Deutsche Börse AG. The Xetra system sets the highest standards in terms of reliability, security, speed and innovation. Xetra offers the highest liquidity, transparency and cost efficiency to more than 250 European banks and brokerage firms from 19 countries. Approximately 900,000 securities are currently traded using Xetra technology – more than on any other trading platform.