Irish Stock Exchange switches on DB T7 trading engine
18 July 2017 | 2672 views | 0
Source: Deutsche Bourse
The Irish Stock Exchange (ISE) has gone live with Deutsche Börse’s new T7 trading platform for the Irish equity market.
This new platform further enhances the performance and capacity of the ISE’s equity market offering. T7 delivers synergies, which make it even easier and reduces cost for international trading firms to connect and trade equities on the ISE, due to lower development and maintenance costs for firms, which are active on T7 across multiple markets. The new system also reduces latency even further for all trading members.
Brian Healy, Director, Traded Markets, Development, Operations at the ISE, said: “The ISE is delighted to announce our successful migration to the state-of-the-art and proven T7 trading technology. This represents another milestone in our strategic partnership with Deutsche Börse, one of the leading exchange infrastructure providers globally. The new technology provides enhanced value to Irish market participants, enables us to further develop trading capabilities and capacity for our members in the years ahead, and positions us well in a time of significant change for exchanges across Europe and in advance of MiFID II implementation.”
Holger Wohlenberg, Managing Director Deutsche Börse Market Data + Services, added: “The decision to migrate to our T7 trading technology is another re-confirmation for the quality and reliability of our IT services and technology solutions. The Irish Stock Exchange will continue to benefit from our continuously improved cash market technology and a broad international network of market participants.”
This technology went live for Xetra trading on the Frankfurt Stock Exchange on 3 July and is already in use at the Eurex Exchange and the European Energy Exchange. Several other stock exchanges in Europe and globally use Deutsche Börse’s trading infrastructure.