T7 goes live at Irish Stock Exchange 18 July 2017Leinster Reporter: Barney Dixon
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The Irish Stock Exchange (ISE) has migrated to Deutsche Börse’s new T7 trading platform, in a bid to improve the performance of its equity marketing offering.
The T7 trading technology is designed to reduce costs for international trading firms, making it easier for them to connect and trade equities on the ISE, while also reducing latency for all trading members.
Brian Healy, director of traded markets, development and operations at the ISE, said: “The ISE is delighted to announce our successful migration to the state-of-the-art and proven T7 trading technology.”
“This represents another milestone in our strategic partnership with Deutsche Börse, one of the leading exchange infrastructure providers globally.”
He added: “The new technology provides enhanced value to Irish market participants, enables us to further develop trading capabilities and capacity for our members in the years ahead.”
Holger Wohlenberg, managing director of Deutsche Börse market data and services, said: “The decision to migrate to our T7 trading technology is another re-confirmation for the quality and reliability of our IT services and technology solutions.”
“The Irish Stock Exchange will continue to benefit from our continuously improved cash market technology and a broad international network of market participants.”
The T7 technology is already in use by Eurex Exchange, the European Energy Exchange and the Bombay Stock Exchange. The Vienna Stock Exchange is scheduled to migrate to the new infrastructure on 31 July.
Earlier this month, Deutsche Börse’s Xetra trading platform migrated to its new T7 facility for the Frankfurt Stock Exchange.
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