The Malta Stock Exchange is set to extend the use of Deutsche Boerse's T7 trading technology for a further five years ensuring it will continue to operate its cash market with highly efficient technology.
Both parties have agreed that future adjustments or innovations to Deutsche Boerse's trading infrastructure can also be introduced on the Malta Stock Exchange if required.
Deutsche Boerse has provided the exchange with “exceptionally reliable and efficient trading technology” since 2012, explains Simon Zammit, CEO of Malta Stock Exchange.
Zammit says: “Therefore, we have decided to continue to address the future technological changes and challenges facing the financial industry together with Deutsche Boerse."
Eric Leupold, managing director of Deutsche Boerse’s cash market, comments: “We are delighted that the Malta Stock Exchange has chosen Deutsche Boerse's IT services and technology solutions.”
According to Leupold, this will enable trading participants to benefit from Deutsche Boerse’s technology for the cash market, which is constantly developing, as well as from a large international network of market participants.
T7 stands for low latency, enormous reliability, and a high degree of flexibility, which is demonstrated by its diverse use in cash, derivatives, and energy markets worldwide, explains Deutsche Boerse.
Several other exchanges in Europe and around the world also use Deutsche Boerse's trading architecture including Eurex, the Frankfurt Stock Exchange, and the European Energy Exchange.
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