Boerse Stuttgart Launches New Exchange System, Xitaro, Powered by Nasdaq
(Thomson Reuters ONE) -
Nasdaq's Genium INET is Now Powering Germany's Leading Exchange for Retail
Investors
NEW YORK and STUTTGART, Germany, Oct. 7, 2015 (GLOBE NEWSWIRE) -- Nasdaq
(Nasdaq:NDAQ) and Boerse Stuttgart have officially announced that Boerse
Stuttgart, Germany's leading exchange for retail investors, has gone live on
Genium INET. The system named Xitaro will be used for trading of all asset
classes including equities, fixed income, exchange traded products and
securitized derivatives. In addition to delivering the exchange system, Nasdaq
is also providing Boerse Stuttgart with hosting and technical operations
services.
"Especially at times of intense competition, exchanges need to maintain a broad
level of investment in their systems," said Dr Christoph Boschan von dem
Bussche, Member of the Management Board of Boerse Stuttgart GmbH. "That is the
only way to ensure stability and quality in securities trading. Thanks to
Xitaro, we will be able to speed up the implementation of new ideas and their
introduction to the market. In line with our objectives, we will continue to be
an innovation leader for retail investors."
"We are very proud that Boerse Stuttgart has chosen to base its new exchange
system on Nasdaq's Genium INET Trading system," said Lars Ottersgård, Executive
Vice President, Market Technology, Nasdaq. "The joint project has been a
tremendous success with the new system launching on schedule. We look forward
to continuing to support Boerse Stuttgart's growth to expand beyond its current
position with private investors."
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across North and
Latin America, Europe, Asia, Australia, Africa and the Middle East.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,600
listed companies with a market value of approximately $9.6 trillion and more
than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
About Boerse Stuttgart
As the leading exchange for securitised derivatives in Europe and for corporate
bonds in Germany, Boerse Stuttgart is Europe's leading exchange for retail
investors. In Stuttgart investors can efficiently trade equities, securitised
derivatives, debt instruments, investment fund units and participation
certificates at reasonable prices. Boerse Stuttgart is also the leading German
floor-trading exchange, with around 36 percent of the order book turnover. With
a trading volume of around EUR 88 billion across all asset classes in 2014,
Boerse Stuttgart is ranked tenth among European stock exchanges.
NDAQG
CONTACT: Media Contact
Ryan Wells (ryan.wells(at)nasdaq.com or +44 (0) 7809 596 390)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1957535]
Unternehmensinformation / Kurzprofil:
Datum: 07.10.2015 - 20:18 Uhr
Sprache: Deutsch
News-ID 425576
Anzahl Zeichen: 4251
contact information:
Town:
New York
Kategorie:
Business News
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