The Irish Stock Exchange and Deutsch Boerse are extendeding their existing technology partnership in equities trading and clearing until 2012.
Irish Stock Exchange renewed the agreement, under which Deutsche Boerse provides trading services to the Irish Stock Exchange via the Xetra electronic trading system until 2010, by a further two years. Eurex Clearing also provides clearing services to Irish Stock Exchange.
“The extension of the agreement underscores our successful cooperation with Deutsche Boerse, as well as the quality, reliability and attractiveness of the Xetra electronic trading system. In addition it ensures that Irish market participants continue to benefit from leading edge electronic market infrastructure. We especially appreciate Deutsche Boerse’s ability to react to new market requirements and conditions,” says Brian Healy, director of trading and regulation at the Irish Stock Exchange.
“We are delighted to provide the Irish Stock Exchange and its customers with state-of-the-art trading and clearing systems and to facilitate the ISE in bringing additional liquidity to the market through the Xetra global network,” says Frank Gerstenschlager, executive board member responsible for the cash market at Deutsche Boerse Ag. “At the same time, our customers benefit from easy access to the Irish market.”
Deutsche Boerse has been the outsourcing partner for the Vienna Stock Exchange since November 1999 and has provided the Xetra platform to the Irish Stock Exchange since June 2000. Recently, the Bulgarian Stock Exchange chose Xetra as its trading platform. Xetra also serves as the trading platform for Eurex Bonds and Eurex Repo. European Energy Exchange is based entirely on the Deutsche Boerse technology. The Shanghai Stock Exchange, which operates China’s largest stock exchange, will be using Xetra technology as the core element of its next generation trading platform.