RTS Realtime Systems Group, a trading applications provider, will launch a gateway to connect directly to Deutsche Boerse’s pan-European trading platform, Xetra(R) International Market (XIM), scheduled for launch in the fourth quarter of 2009.
The new Deutsche Boerse platform, based on the exchange’s Xetra electronic trading platform, will enable participants in 18 different countries to extend seamlessly their trading operations to include highly liquid European equities from across those countries, including all Dow Jones EURO STOXX 50(R) stocks.
RTS will offer access to the new platform through its entire portfolio of trading solutions, including its cutting-edge proprietary and FIX-based application programming interfaces (APIs), the RTS front-end trading systems RTD and eRTD, as well as RTD Tango, its low latency and high performance algorithmic trading solution.
A hosted version of the RTD Tango algorithmic trading platform will enable market participants globally to access XIM and existing cash and derivatives markets in a low latency environment while keeping trading and infrastructure costs under control.
“As one of the original technology providers to the German financial markets offering access to more than 100 marketplaces globally, we are pleased to offer connectivity to Xetra International Market. This new pan-European offering reinforces our commitment to providing our customer base an ever-growing base of new trading opportunities across all asset classes,” says Mark van Vugt, managing director, Europe.
“With XIM, we will enable our market participants to tap into new trading and arbitrage opportunities,” says Michael Krogmann, executive director, head of Sales Cash Market Development, Deutsche Boerse AG. “Participants will also benefit from our expertise and the efficiency of the existing superior infrastructure for low latency algorithmic trading. Cleared by Eurex Clearing, Europe’s largest central counterparty, customers will profit from reduced client risk and optimized efficiencies.”
L.D.