.jpg)
The Irish Stock Exchange and Deutsch Börse have announced that they have extended their existing technology partnership in equities trading and clearing until 2012. Irish Stock Exchange renewed the agreement under which Deutsche Börse provides trading services to the Irish Stock Exchange via the Xetra electronic trading system until 2010 by a further two years until 2012. Eurex Clearing also provides clearing services to Irish Stock Exchange.
“The extension of the agreement underscores our successful cooperation with Deutsche Börse, 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 Börse’s ability to react to new market requirements and conditions”, said 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. At the same time our customers benefit from easy access to the Irish market”, said Frank Gerstenschläger, Executive Board member responsible for the cash market at Deutsche Börse AG.
Deutsche Börse 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. Furthermore, Xetra serves as the trading platform for Eurex Bonds and Eurex Repo, as well as European Energy Exchange are based entirely on the Deutsche Börse 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.
