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Eurex to overhaul trading architecture

09 February 2012  |  6220 views  |  0 Eurex

Swiss-German derivatives exchange Eurex is to move to an entirely new trading platform in a phased migration beginning in December 2012.

The new platform will be developed internally and based on Deutsche Börse Group's proprietary global trading architecture, which is already in use at the International Securities Exchange (ISE). Eurex says the new infrastructure promises lower latency and faster throughput than the current Miss platform and Values API interface, which will be discontinued.

Jürg Spillmann, deputy CEO Eurex and responsible for IT and operations, comments: "Technology is a very important differentiator in today's competitive global market environment. The complete overhaul of our trading architecture is a decisive element of our vision to operate markets globally around-the-clock."

He says the new architecture will come with a range of industry-standard interfaces, such as FIX and Fast, promising swifter time to market for new products and easier installation at end user sites.

The announcement comes just weeks after Deutsche Börse and Nyse Euronext were forced by EU anti-trust authorities to terminate a proposed merger that would have seen Eurex united with Nyse Liffe.

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