Deutsche Boerse extends tech contract with Malta Stock Exchange

Trading technology contract for cash markets on the Malta Stock Exchange has been extended by five years.

The Malta Stock Exchange has decided to extend its trading technology agreement with Deutsche Boerse until 2021.

The exchange uses Deutsche Boerse’s technology for its cash markets and both parties have agreed any further updates to the technology will be introduced on the Malta Stock Exchange.

Holger Wohlenberg, managing director of Deutsche Boerse’s market data services, explained the contract extension means traders will “continue to benefit from our continually improved cash market technology as well as from a large international network of market participants”.

Several European exchanges use Deutsche Boerse’s Xetra trading technology for cash markets trading, including the Vienna Stock Exchange, the Irish Stock Exchange and stock exchanges in Prague and Budapest.

Deutsche Boerse’s cash markets saw increased daily average daily trading in April this year. Average daily turnover was up significantly, with Xetra trading rising to €5.4 billion in April 2017, a rise from the €4.8 billion reported a year ago.