Exchange group Deutsche Börse has selected technology provider IBM’s high-speed messaging platform to underpin its three exchanges as part of an ongoing series of improvements to its technology infrastructure.
Following the implementation, Xetra, the group’s cash equities platform, derivatives exchange Eurex and New York-based equity options platform International Securities Exchange will operate at sub-millisecond latency and will be able to handle one million transactions per second.
According to Deutsche Börse, the new infrastructure will allow for reduced technical development times and easier future expansion, enabling the group to accommodate new functionality and adapt to new business opportunities as they arise.
“IBM will deliver what is essentially the backbone for the new technology required for the common infrastructure,” Heiner Seidel, a spokesperson for Deutsche Börse, told theTRADEnews.com. “For the three markets, we will add on tailor-made modules that fulfil their individual requirements in due course.”
The technology will be based on IBM’s WebSphere MQ Low Latency Messaging version 2.2, which has been adapted to suit the exchange group’s needs. The ISE will be the first to implement the new solution in late 2010. The timeline for the other two markets is still being decided.