Deutsche Borse Selects IBM Messaging Technology for Use in Its Future Trading System
Deutsche Borse Group and IBM
(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )
Based on IBM WebSphere MQ Low Latency Messaging, the new backbone will help Deutsche Borse Group stay ahead of its demanding and ever-increasing speed, capacity and stability requirements.
"Our key objective is to deliver a leading-edge, accurate and reliable transaction backbone, building on our track record of innovation as a first-mover in electronic markets. Deutsche Borse is committed to augmenting its IT capacity with best-in-class partners," said Dr. Michael Kuhn, CIO of Deutsche Borse AG.
"Using IBM's low-latency technology Deutsche Borse's new backbone will provide users of Eurex, ISE and Xetra with a platform for the future, capable of processing over one million quotes per second across the system at sub-milliseconds," said June Felix, General Manager, IBM Banking and Financial Markets. "This deal with Deutsche Borse is among the first in a wave of interest in IBM WebSphere MQ Low Latency Messaging from exchanges, investment banks, hedge funds, and other capital markets firms across the globe, as they all seek to manage increasing business demands in terms of speed, throughput and efficiency."
Customers across Deutsche Borse Group's exchanges will benefit from superior performance combined with best in class reliability. Additionally, the three exchange platforms Eurex, ISE and Xetra will be able to react quickly to demands for technology upgrades. The new backbone will also help to realize synergies across the Group, significantly lower maintenance costs and enhance expansion opportunities into new markets and asset classes.
The new infrastructure has been developed leveraging the combined expertise of Deutsche Borse Systems and ISE. On top of the IBM high speed messaging technology, Deutsche Borse has defined application-specific modules to take into account the diverse requirements of its different market operations which include Eurex, ISE and Xetra. The modular design offers optimum support for future expansions to accommodate new functions and business opportunities and reduces their technical development times.
Deutsche Borse Group will be one of the first organizations to benefit from the enhanced functionality of IBM WebSphere MQ Low Latency Messaging Version 2.2. Indeed as part of its close collaboration with Deutsche Borse Group, IBM included certain new features in the latest version of its ultra-low-latency messaging transport specifically at the request of Deutsche Borse.
Media Contacts: Deutsche Borse: Heiner Seidel, Leticia Adam 49-(0)69-2 11-1 15 00heiner.seidel@deutsche-boerse.com leticia.adam@deutsche-boerse.com IBM: Bill Mew Chris Rubsamen IBM Financial Services Sector IBM Software Group London USA 44-207-202-5769 (914) 766-1803MEWB@uk.ibm.com rubsamen@us.ibm.com About Deutsche Borse
Deutsche Borse Group is one of the world's leading service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading, through clearing, to settlement and securities custody. Furthermore, Deutsche Borse offers market data, indices and analyses and is a service provider for the development and operation of IT systems. More information at: www.deutsche-boerse.com
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First Call Analyst:
FCMN Contact: rubsamen@us.ibm.com
SOURCE: IBM; Deutsche Borse Group
CONTACT: Heiner Seidel,
Adam,
11-1 15 00; or IBM: Bill Mew, IBM Financial Services Sector, London,
+44-207-202-5769,
+1-914-766-1803,