Fortis' Trading And Clearing Services On Deutsche's Network

Fortis will offer trading and clearing services to customers using Deutsche Borse Group's global communications network. "With this agreement we expand our IT managed services for third parties to the area of network services," said Michael Kuhn, CIO of Deutsche

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Fortis will offer trading and clearing services to customers using Deutsche Borse Group’s global communications network.

“With this agreement we expand our IT managed services for third parties to the area of network services,” said Michael Kuhn, CIO of Deutsche Borse and CEO of Deutsche Borse Systems.

Under the agreement Deutsche Borse will act as the network provider to Fortis, allowing trading firms connected to Deutsche Borse’s network to directly access Fortis’ services for trading and clearing on leading derivatives and stock exchanges.

“With today’s emphasis on efficiency and fast connectivity for electronic market access, we are excited to announce an exclusive deal with Deutsche Borse to provide access over a network with proven speed, reliability and performance,” said Chris Lee, global head of screen-based trading for Fortis. “The cost benefits to clients are obvious and the fact that the Deutsche Borse has something in the region of 3,000 existing connections worldwide makes for a fantastic deal”

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