Deutsche Börse and MSE extend agreement
Deutsche Börse and Malta Stock Exchange extend trading technology agreement
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 Dr. Holger Wohlenberg Managing Director, Deutsche Börse AG.
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 and the Cayman Islands Stock Exchange since 2013. 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.
Xetra® is a registered trademark of Deutsche Börse AG.
About Deutsche Börse – Market Data + Services
Deutsche Börse is one of the world’s leading service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group's offering covers the entire value chain from trading, through clearing, to settlement and custody of securities. Market Data + Services is part of Deutsche Börse's IT & Operations, Data & New Asset Classes division and comprises the Group's broad market data offering as well as external technology and network services. Products and services include real-time and historical trading data from the Group trading venues Eurex and Xetra, as well as from cooperation partners. The department also markets reference data for more than 1,000,000 securities and over 11,000 indices including the STOXX and DAX index families, an excellent trading infrastructure and reliable network services.