Malta Stock Exchange signs Xetra contract with Deutsche Börse

The Malta Stock Exchange is going to use Xetra – Deutsche Börse Group’s fully electronic trading system. Probably from mid 2012, Deutsche Börse will organize trading in equities listed on the Malta Stock Exchange. Both parties signed a minimum 5-year contract on 24 October.

“We are delighted to be providing the Malta Stock Exchange with one of the fastest and most reliable trading systems in the world,” said Frank Gerstenschläger, member of the Deutsche Börse Executive Board and responsible for the Xetra business area. “Trading participants in Malta are now connected to a fully electronic network of 4,500 traders in 18 countries.”

"We are looking forward to becoming a participant exchange on the XETRA platform in mid-2012, which we believe will open up new opportunities for international expansion not only for the exchange itself but also for its members, issuers and investors in line with the MSE's on-going strategy," said Ms Eileen V Muscat, CEO of the MSE.

Cash market trading on the Vienna Stock Exchange has been based on Xetra technology since November 1999. The Irish Stock Exchange has been operated with Xetra since 2000, the Bulgarian since 2008 and the Ljubljana Stock Exchange in Slovenia since 2010. The Eurex subsidiary Eurex Bonds and the European Energy Exchange also use the Xetra trading system. The Shanghai Stock Exchange uses Xetra as the basis for its New Generation Trading System introduced at the start of 2010.

Deutsche Börse Group’s global liquidity provider Clearstream integrated Malta into its settlement network in April as the last country in the euro zone. The settlement link provides international investors with access to Maltese securities.

About Xetra

The Xetra business unit of Deutsche Börse provides listing, trading and clearing services for issuers, intermediaries and investors. Xetra provides efficient access to the capital markets, supports the latest trading techniques and provides an ever-growing range of tradable securities.

The trading system of the same name sets the highest standards in terms of reliability, security, speed and innovation. Xetra offers the highest liquidity, transparency and cost efficiency to more than 250 European banks and brokerage firms from 18 countries. Approximately 850,000 securities are currently traded using Xetra technology, more than on any other trading platform.

About the Malta Stock Exchange

The Malta Stock Exchange (MSE) in the Maltese capital Valletta was founded in 1990 and is wholly state-owned. Shares and bonds are traded. Malta has used the euro as its national currency since 2008.

Eurex® and Xetra® are registered trademarks of Deutsche Börse AG.