Deutsche Borse Group Selects IBM High Speed Messaging Technology

Deutsche Borse Group has selected IBM high speed messaging technology as the common backbone for all of its marketplaces, Eurex, ISE and Xetra, and as part of its future trading system.

The International Securities Exchange (ISE) will be the first market to migrate its options exchange to the new common infrastructure. The rollout is slated for 2010.

Based on IBM WebSphere MQ Low Latency Messaging, the new backbone will help Deutsche Borse Group stay ahead of its demanding and ever-increasing speed, capacity and stability requirements, according to the parent company’s release.

“Using IBM’s low-latency technology, Deutsche Borse’s new backbone will provider uses of Eurex, ISE and Xetra with a platform for the future, capable of processing over one million quotes per second across the system at sub-milliseconds,” stated June Felix, general manager, IBM Banking and Financial Markets in the release.

On top of the IBM high speed messaging technology, Deutsche Borse has defined application specific modules to take into account the diverse requirements of its different market operations for Eurex, ISE and Xetra.

IBM says this is the first in a wave of interest in IBM WebSphere MQ Low Latency Messaging from exchanges, investment banks, hedge funds and other capital markets firms across the globe, dealing with demands for speed, throughput and efficiency.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio