Xlaunch partners Basis100 for e-markets development
25 March 2002 | 1007 views | 0
Xlaunch, the Frankfurt-based e-markets subsidiary of Deutsche Börse Group has contracted with Canada's Basis100 Capital Markets Solutions to provide the backbone technology for the development of a new generation of cross-market trading solutions.
Under terms of the agreement, Basis100 will be the preferred trading technology provider for the exchange's subsidiary and will license its BasisXchange cross-market trading software solution to xlaunch.
Deutsche Börse anticipates xlaunch becoming the 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.
Basis100's trading solution supports multiple product and instrument types and provides interfacing capabilities to ensure seamless integration and connectivity. According to Martin Reck, chief executive officer of xlaunch, Basis100's Web-enabled technology will enable xlaunch to provide a cost-efficient and scalable cross-market technology to pick-up emerging markets early on and to migrate them towards liquidity.
Xlaunch will offer a variety of market models spanning from single-dealer quotation to continuous auction models.