NO 238 – DECEMBER 2012
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WFE Focus December 2012
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Bursa Malaysia selects NASDAQ OMX’s X-Stream INET to power its future trading platform

Bursa Malaysia has selected NASDAQ OMX to power its securities market trading through NASDAQ OMX’s industry leading technology, X-Stream INET. The new platform will handle trading of equities, fixed-income, ETF, funds and issuer warrants for Bursa Malaysia. The deployment is scheduled during the first quarter of 2014.

CBOE increases connectivity with move to Equinix

The Chicago Board Options Exchange is moving its CBOE Command trading engine platform to Equinix’s international business exchange data center in Secaucus, New Jersey. The move, which was completed on 3 December 2012, brings one of the fastest exchange platforms from Chicago to the New York area, eliminating distance latency, accelerating trading speed and allowing customers and partners inside the Equinix financial system in New York to connect directly to the CBOE Command platform. With this move, CBOE, CBOE Futures Exchange and One Chicago will join C2 Options Exchange and CBOE Stock Exchange at Equinix’s New York data center campus.

Deutsche Börse releases new version of Xetra

Deutsche Börse rolled out Xetra Release 13.0 on 26 November 2012. This new version allows investors to use the intelligent order type order-on-event for the first time. This allows a market or limit order to be linked to selected market events. The order is automatically triggered if the events occur. Initially, it will be possible to use the most important benchmark indices and the DAX and Bund future as reference values. Other new functional improvements include, among other things, the fact that Xetra Trade Entry allows OTC transactions to be recorded and automatically confirmed for defined counterparties by means of the automatic approval function.

Deutsche Börse improves connectivity to trading application for Asian traders

Deutsche Börse’s Market Data & Analytics is now offering direct connectivity to AlphaFlash Trader in a data center in Sydney. This significantly improves the speed of data transmission for AlphaFlash Trader clients in the Asia-Pacific region.

Eurex Exchange launches new derivatives trading system

On 3 December 2012, Eurex Exchange launched its advanced trading system. With the new trading system, participants of Eurex Exchange benefit from significantly better performance, more choice and enhanced functionalities. The roll-out started with 24 products. It will be followed by a product migration phase in a stepwise approach. Full roll-out is expected to conclude in May 2013.

NASDAQ OMX NLX selects TMX Atrium as connectivity supplier

NASDAQ OMX NLX, the new London interest-rate derivatives platform, has selected TMX Atrium, provider of infrastructure solutions for the financial community, to be one of its preferred connectivity suppliers. NLX will offer a range of both short- and long-term interest rate euro- and sterling-denominated listed derivatives products from the first quarter of 2013.

NYSE Technologies expands network in Asia through access in Hong Kong

NYSE Technologies has expanded its Secure Financial Transaction Infrastructure (SFTI) in Asia with the introduction of two access centers located in Hong Kong. Customers have, for the first time, direct access to the SFTI network, allowing them to connect from Hong Kong to services offered by NYSE Technologies through SFTI, including access to Hong Kong Exchanges & Clearing, all major international trading venues, market data solutions, and the NYSE Euronext capital markets community.

Prague Stock Exchange adopts Deutsche Börse’s Xetra System

On 30 November 2012, the Prague Stock Exchange has implemented Deutsche Börse’s Xetra trading system for all electronic securities trading. The Prague Stock Exchange has been connected to the Xetra network via the Vienna Stock Exchange since 1999 for its cash markets.

Shanghai Futures Exchange launches electronic platform system for large trader report

On 7 November 2012, after a test run, the Shanghai Futures Exchange launched an electronic platform to optimize business process of large trader reports, facilitate their submission by members, realize paper-free and electronic business process for these reports.

Vienna Stock Exchange and Ljubljana Stock Exchange complete Xetra update

On 26 November 2012, the Vienna Stock Exchange unveiled an upgraded version of its system, XETRA 13.0. Along with exchanges in Vienna and Ljubljana, the new system was implemented in a concerted action throughout Europe involving all exchanges using Xetra. The functional enhancements include improved market transparency in the trading of structured products as well as the extension of maximum order validity to 360 days.

Warsaw Stock Exchange to launch new trading platform

The Warsaw Stock Exchange has set 15 April 2013 as the first day of operation of its new trading system UTP. The WSE’s decision was based on the dialogue and consultations with all participants of the complex process which will result in the transition of the Polish capital market to the new technology.