Shanghai Stock Exchange Taps Accenture to Implement Electronic Trading System From Deutsche Borse
The Shanghai Stock Exchange selected Accenture and Deutsche Borse to build a new electronic trading system. Under the agreement, China's largest exchange licenses Deutsche Borse's Xetra Trading System, and Accenture will adapt and implement it for the Chinese market. Accenture says the new technology platform will enable the exchange to rapidly introduce new services by providing a more flexible market structure to accommodate new market participants and support the trading of financial products.
Accenture was selected based on its track record in Asia, experience with large-scale capital markets infrastructure projects and global presence. Deutsche Borse says it is prepared to be the technology transfer agent that brings Europe and China closer together. More than 300 trading firms in 18 countries connect to Deutsche Borse's Xetra Network.