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10 February 2015 | Infrastructure services

More and more exchanges and brokers want to use Deutsche Börse trading platform

The new IT infrastructure of Deutsche Börse is more and more used by other stock exchanges and brokerage houses.

Singapore-based regulated futures exchange Cleartrade Exchange (CLTX), London-based Freight Investor Services Ltd., a broker of freight and commodity derivatives, and NOREXECO ASA, a commodities exchange for pulp and paper based in Norway, will start to use the Deutsche Börse trading platform “M7” in the first half of 2015.

Deutsche Börse had developed its M7 trading platform for commodity markets in the course of a complete renewal of its trading infrastructure. Its “7 Market Technology” series currently comprises T7 derivatives trading infrastructure, C7 clearing system, N7 network solution and 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 frontend. 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. As part of a continuous improvement process, the M7 trading system is being expanded to include new asset classes. These include iron ore, steel, oil, freight, pulp, paper and fertilizers, in addition to its traditional client base in the gas, electricity and emissions markets.

Willy Suter, Head of Market Solutions, Deutsche Börse Market Data + Services: “The M7 trading platform now caters to a wider range of commodity markets. In addition, the new release also offers broker functionality thereby increasing our user base to include brokers apart from exchanges and traders.”

M7 is a one-stop shop trading platform used by exchanges and wholesale brokers to run intraday futures, forwards, cleared and OTC markets. Its new features include a new matching algorithm based on customers’ clearing house preferences. In addition, quoting for market makers, new types of orders and auction algorithms are introduced. Users will also benefit from a greater level of customization of the trading screen and will be able to trade on spreads and implied prices.

About Deutsche Börse – Market Data + Services

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.