The companies are joining forces in building the flexible backbone to migrate and further develop new and emerging B2B and OTC markets. xlaunch is to become Deutsche Börse Group's "plug-and-play" vehicle to capture and develop new market opportunities. The offering spans from managed technology services to business and market building services for new and emerging e-markets. It also comprises flexible engagement and pricing models to share the risk inherent in developing and consolidating liquidity in such markets.
As a 100% subsidiary of the leading European exchange organisation Deutsche Börse, xlaunch leverages the core competencies and assets of a fully integrated service provider to the securities and derivatives industries. "We provide e-markets access to the trusted tools and processes required to efficiently manage the connectivity and risks along the entire e-market value chain", said Martin Reck, Chief Executive Officer of xlaunch. "The value created for the e-market space is based on Deutsche Börse Group's renowned competencies, processes and resources in creating electronic markets and in delivering superior information, trading and clearing products." Basis100's trading solution is highly scalable and configurable to support a marketplace through its lifecycle. It supports multiple product and instrument types and it provides the interfacing capabilities to ensure seamless integration and connectivity. With Basis100's web-enabled technology xlaunch will be able to provide a cost-efficient and scalable cross-market technology to pick-up emerging markets early on and to migrate them towards liquidity. Based on this service portfolio, xlaunch can offer a variety of market models spanning from single-dealer quotation to continuous auction models.
About xlaunch:
xlaunch is a 100 % subsidiary of Deutsche Börse AG and aims at becoming a major force in building and servicing premier e-markets to trade standardized cash and derivatives products in financial and non-financial OTC and B2B markets. Affiliated with the leading European exchange organisation, xlaunch uses Deutsche Börse Group's core competencies and assets to develop e-markets. xlaunch's market entry strategy is three-fold: create (= create new marketplaces), advance (= advance existing marketplaces through adding new instruments and market segments) or migrate (= migrate existing marketplaces to xlaunch's technology and service portfolio).
About Basis100:
Basis100 Inc. is a global technology solution provider for financial institutions, investment dealers and service providers enabling them to build, distribute, buy and sell their products and services in efficient and innovate ways. Basis100 has three main lines of business: Capital Markets Solutions ? focusing on derivatives, equities and fixed income trading, settlement and clearing; Lending Solutions - focused on consumer credit, mortgage origination and processing; Data Warehousing and Analytic Solutions - focused on automated property valuations, property data warehousing and analytics support. We have solutions installed in over 5 continents and 36 countries around the world.
