Deutsche Boerse said it completed the move of its Xetra electronic stock trading market to a new data center.
Deutsche Boerse said it migrated the "entire Xetra host infrastructure" to the new center over the weekend and began operating on the relocated systems this week.
The Xetra infrastructure is now housed in an International Business Exchange data center maintained by Equinix Inc., the operator of data centers in major financial centers around the world.
Deutsche Boerse and Equinix have already been offering Proximity Services since 2006.
As part of the migration, Deutsche Boerse replaced all of its host computer hardware and gateways with the fresh, higher-performance hardware.
This could reduce trading delays in the Xetra system by 40 percent.
The migration of the Xetra cash market enables Deutsche Boerse Group to now offer its clients co-location services from a single location for the first time, it said.
Xetra is used by more than 250 European banks and brokerage firms from 18 countries. Approximately 500,000 securities are currently traded using Xetra technology.
Separately, Deutsche Boerse said it took a minority stake in Digital Vega, a London based company, which provides foreign exchange trading technology to buy- and sell-side firms.
Digital Vega's technology broadcasts request for quotes from buy-side asset managers, corporates, hedge funds and regional banks for foreign exchange option transactions to sell-side liquidity providers.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access