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Deutsche Borse Selects IBM Messaging Technology for Future Trading System

New technology infrastructure will deliver efficiency, speed and throughput across all Deutsche Borse Group's exchanges.

Deutsche Borse Group has selected IBM high speed messaging technology as part of its new technology infrastructure for all of the Group's exchanges. The infrastructure will be enhanced with customized applications to meet the needs of each of its marketplaces: Eurex, ISE and Xetra. The International Securities Exchange (ISE) in New York will be the first market to migrate its options exchange to the new common infrastructure, with rollout coming in late 2010.

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, according to a release from the Deutsche Borse.

"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 in a press release.

"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," commented June Felix, General Manager, IBM Banking and Financial Markets, in a press release.

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 implement the functionality of IBM WebSphere MQ Low Latency Messaging Version 2.2. As part of its work 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, according to a statement from IBM. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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