Irish Stock Exchange extends Xetra contract Cooperation to continue until end of 2016
Electronic securities trading at the Irish Stock Exchange (ISE) will continue to use Deutsche Börse’s trading system. The Irish Stock Exchange has extended the Xetra agreement with Deutsche Börse AG by a further four years until 31 December 2016. The two companies announced this decision today.
Frank Gerstenschläger, member of the Executive Board of Deutsche Börse AG and responsible for the Xetra business area, said: “By extending this agreement, the Irish Stock Exchange has emphasised its trust in the high quality and reliability of our trading system. Participants at the ISE will continue to benefit from our high-performance Xetra technology and from all the measures we take to further develop and increase the effectiveness of the system.”
“The ISE is delighted to extend its highly beneficial technology partnership with Deutsche Börse for the use of ISE Xetra. Our choice of Deutsche Börse and the Xetra platform has been very successful over the last 12 years and our assessment of the strategic advantages of the partnership remains as strong as ever. It is a key element in our provision of a leading edge, easily accessible trading and clearing infrastructure, on a very cost competitive basis, to our diverse membership base,” said Brian Healy, Director of Traded Markets, Development, Operations at the Irish Stock Exchange.
Deutsche Börse will make all future modifications or updates to its trading system available to the Irish Stock Exchange as well.
Several other stock exchanges in Europe also use Xetra technology. The Vienna Stock Exchange introduced Xetra in 1999, followed by the Irish Stock Exchange in 2000, the Bulgarian Stock Exchange in 2008, the Ljubljana Stock Exchange in 2010 and the Malta Stock Exchange in 2012. The Eurex subsidiary Eurex Bonds also uses the Xetra system, and the Shanghai Stock Exchange based its own trading system on Xetra.