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Deutsche Börse Market Data + Services and the Sibiu Stock Exchange S.A. (SIBEX), Romania, have signed a Memorandum of Understanding (MoU). Under the MoU Deutsche Börse will provide trading technology to SIBEX to facilitate its plans to operate an exchange for trading electricity futures. This will include electronic systems and networks for trading, clearing and settlement of commodity products.
SIBEX is an authorised market and system operator in Romania operating a regulated derivatives market. The Romanian exchange plans to operate a regulated market for electricity derivatives using M7, Deutsche Börse’s leading trading system for commodity markets and part of Deutsche Börse’s “7 Market Technology” global IT architecture.
“We believe that our best-in-class technology and expertise in operating exchanges for various asset classes will strengthen SIBEX’s efforts in operating a regulated market for electricity derivatives. We are looking forward to working together closely with Sibiu Stock Exchange”, said Willy Suter, Head of Market Solutions, Deutsche Börse Market Data + Services.
“Given the recent developments aiming at an integration of the regional power markets, the partnership with Deutsche Börse represents one more step taken by Sibex towards becoming a significant regional exchange operator. We are confident that the Romanian brokers and power traders will benefit from the technology and expertise Deutsche Börse offers in the field of power futures trading and are pleased to be able to provide this opportunity to connect the national market with the regional and EU markets”, said Ovidiu Petru, SIBEX CEO.
The IT infrastructure of Deutsche Börse is more and more used by other stock exchanges, commodity exchanges and brokerage houses. Deutsche Börse provides trading technology for energy marketplaces, among others in emissions, power, iron ore, freight, fuel oil, paper and pulp.
Deutsche Börse’s “7 Market Technology” series currently comprises the T7 derivatives trading infrastructure, the C7 clearing system, the N7 network solution and the M7 multi-asset class trading service. Like T7, M7 offers users state-of-the-art technology, high speed and reliable connectivity and availability, as well as superior performance and a flexible front-end. Its versatile design allows the creation of applications and functionalities that are unique to a particular market structure or client base. Because M7 is hosted on Deutsche Börse’s servers, clients can benefit from using the system without investing in additional hardware or software, making it a truly cost-efficient option.
Deutsche Börse is one of the world’s leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. Deutsche Börse Market Data + Services encompasses the Group’s extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group's trading venues Eurex and Xetra as well as from cooperation partners. It also includes exclusive trading signals independent of its platforms such as economic indicators or macroeconomic news, reference data for more than 1,000,000 securities, approximately 10,825 indices including the STOXX and DAX index families, superior capital market infrastructure, and reliable connectivity services.
With over 20 years of active presence on the local market SIBEX – Sibiu Stock Exchange is currently the sole derivative market operator in Romania and the first national market operator to comply with EMIR standards and policies.