BT Radianz says it has signed an agreement with Deutsche Brse Group to provide access for its users to the Xetra and Eurex trading systems.
Xetra, the fully-electronic cash market trading system of Deutsche Brse Group, enables trading in shares and warrants on a single platform from any location in the European Union and Switzerland. It has about 300 participants and approximately 3,300 connected traders. More than 5,700 international securities can be traded on Xetra.
Eurex is the world’s largest futures and options exchange and is jointly operated by Deutsche Brse Group and Swiss Exchange. Eurex operates a fully electronic trading platform, providing an automated and integrated joint clearing house for products and participants, thus achieving centralized, cross-border risk management.
“We are very pleased to have reached an agreement with BT Radianz and thus to be able to offer new users cost efficient and easy access to our product portfolio,” says Rainer Riess, managing director, stock market business development, Deutsche Brse Group.
David Stopforth, head of European sales, BT Radianz, says BT Radianz provides access to 40 major exchanges and electronic communications networks (ECNs) around the world already. “Many of these are realizing the benefits of having their applications available on RadianzNet, particularly the connection time for new participants,” he adds. “We are also now seeing a significant number of participating exchanges/ECNs increasing the number of applications they make available over RadianzNet. With the MiFID deadline looming, exchanges need to realise that the regulation is not only about changing systems but creating the necessary connections.”