22 Juin 2012

Bourse - The Eurex Exchange Council unanimously approved the planned introduction of a completely new trading architecture (22/06) + NASDAQ OMX Plans to Launch NASDAQ OMX NLX, a New London Based Interest Rate Derivatives Platform (21/06)

Le 22 juin 2012

The Eurex Exchange Council unanimously approved the planned introduction of a completely new trading architecture at its regular meeting. This approval meets a major legal requirement. The introduction of the new trading system will, among other things, also require an amendment to the Exchange Rules to also be approved by the Exchange Council. The migration is scheduled to begin in December 2012, with products transferred from the current to the new system in four stages.

"The new trading system will give Eurex customers access to the latest technology. The change will ensure that the essential requirements of participants are met in terms of minimizing latency, maximizing data throughput, further increasing flexibility and providing a high level of reliability," said Gustav Gass, Chairman of the Eurex Exchange Council. "Our approval sees the foundation stone laid for Eurex Exchange to continue to operate one of the industry's leading technical infrastructures."

Since the system change was announced, Eurex has launched an extensive consultation process with its 430 participating firms and key software vendors. The chosen approach, which replaces the MISS infrastructure and VALUES API interface currently used by Eurex with standard interfaces based on FAST and FIXML, met with a positive reception. The planned new functions for strategy and spread trading also met with particular interest. A simulation environment is to be available to participants from the end of August.

The new Eurex system is being completely developed internally on the basis of Deutsche Börse Group's own global trading architecture, which is already in use at the International Securities Exchange (ISE).

http://www.world-exchanges.org/news-views/eurex-exchange-council-approves-introduction-new-trading-architecture

 NASDAQ OMX Plans to Launch NASDAQ OMX NLX, a New London Based Interest Rate Derivatives Platform

June 21, 2012

New electronic trading platform will offer a comprehensive suite of European short-term and long-term listed interest rate derivatives products

Platform aims to bring significant benefits to the market through improved technology, competitive fees and exceptional margin efficiencies through trading and clearing the full interest rate curve on a single platform

London, June 21, 2012 - NASDAQ OMX (NASDAQ: NDAQ) today announces its intention to launch a new London-based trading venue, NLX, offering a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed derivative products. NLX aims to enhance the competitive landscape by providing highly competitive execution and clearing fees and significant margin efficiencies. The platform will be launched by Q1 2013, pending Financial Services Authority approval.

http://www.lchclearnet.com/media_centre/press_releases/2012-06-21.asp

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