Trading systems vendor RTS Realtime Systems Group will offer direct connectivity to Deutsche Börse’s Xetra International Market (XIM) when the pan-European blue-chip trading platform launches in the fourth quarter of 2009.
Xetra International Market will allow clients to trade European blue-chip stocks and the corresponding equity and index derivatives in 19 European markets, including all constituents of the Dow Jones EURO STOXX 50 pan-European large-cap index, while settling in their domestic markets. Clearing for all transactions will be conducted via Eurex Clearing, Deutsche Börse’s clearing arm.
RTS will offer access to the German exchange group’s new trading platform through its portfolio of trading solutions, including its proprietary and FIX-based application programming interfaces (APIs), the RTS front-end trading systems RTD and eRTD, as well as RTD Tango, its low-latency algorithmic trading solution. A hosted version of RTD Tango will enable market participants globally to access XIM and existing cash and derivatives markets in a low latency environment while keeping trading and infrastructure costs under control.
“This new pan-European offering reinforces our commitment to providing our customer base an ever-growing base of new trading opportunities across all asset classes,” said Mark van Vugt, managing director, Europe, RTS Realtime Systems.