Deutsche Brse and Accenture have been selected to help the Shanghai Stock Exchange build a new electronic trading system.
Under the agreement, the Shanghai Stock Exchange, China’s largest exchange, has licensed Deutsche Brse’s Xetra trading system, which Accenture will adapt and implement for the Chinese market. The system will enhance the exchange’s ability to offer additional products and services to investors and institutions and will enable the exchange to more efficiently scale its operations to meet growing market demand in China.
As part of the agreement, the Shanghai Stock Exchange and Deutsche Brse will share the right to jointly market the new trading system in the United States and Europe.
“To serve the needs of our members and investors, we require a new trading system built upon proven technology,” said Geng Liang, Chairman of Shanghai Stock Exchange. “By leveraging Accenture’s and Deutsche Brse’s long experience in building and maintaining markets infrastructure, we are investing in the Shanghai Stock Exchange’s future and the role it will play in the Asian and international financial markets.”