Malta Stock Exchange Integrates Deutsche Börse’s Trading Infrastructure

The Malta Stock Exchange will operate its cash market infrastructure using Deutsche Börse’s technology until 2021.

Deutsche Börse Group, one of the largest worldwide institutional trading networks, has renewed an agreement with the Malta Stock Exchange, deploying the bourse’s trading technology in the latest collaboration lasting a period of five years, according to a group statement.

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The agreement will help ensure that the Malta Stock Exchange will continue to operate its cash market infrastructure using Deutsche Börse’s technology until at least December 2021. Both venues have also agreed that all future upgrades or developments to Deutsche Börse’s trading infrastructure will also be introduced on the Malta Stock Exchange, helping create a more fluid trading environment for market participants.

The agreement is the latest example in Europe in which a number of other stock exchanges have integrated Deutsche Börse’s trading infrastructure. The group has had its infrastructure utilized globally, while cash market trading on the Vienna Stock Exchange has been based on the Xetra system dating back to November 1999.

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Several other regional stock exchanges in Prague, Budapest, Ireland, and Bulgaria have all inked deals with Deutsche Börse’s Xetra technology, while the Shanghai Stock Exchange’s New Generation Trading System was developed on the basis of Xetra.

According to Simon Zammit, Malta Stock Exchange CEO, in a statement on the integration: “Deutsche Börse offers extremely reliable and high-performance trading technology. The partnership in place since 2012 has proven successful for the Malta Stock Exchange, which is why we decided to tackle future technological changes and challenges facing the financial sector jointly with Deutsche Börse again.”

“We are pleased that the Malta Stock Exchange has chosen Deutsche Börse’s IT services and technology solutions. Trading participants will continue to benefit from our continually improved cash market technology as well as from a large international network of market participants,” added Holger Wohlenberg, Managing Director of Deutsche Börse Market Data + Services.

Deutsche Börse made headlines earlier this month after reporting its April 2017 turnover, disclosing a figure of $115.8 billion (€106.2 billion) across all its cash markets – this corresponded to a fall of 21.7 percent month-over-month from $148.0 billion (€135.7 billion) in March 2017. Deutsche Börse’s turnover also failed to overtake its 2016 counterpart, moving lower by a margin of 12.2 percent year-over-year from $120.2 billion (€110.2 billion) in April 2016.

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