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Bulgarian Stock Exchange introduces Deutsche Börse's T7 trading technology

Release date: 24 Jun 2019 | Deutsche Börse Cash Market

Bulgarian Stock Exchange introduces Deutsche Börse's T7 trading technology

Today, Deutsche Börse's T7 trading architecture was successfully deployed for the Bulgarian Stock Exchange in Sofia. T7 enables market participants of the Bulgarian capital market to benefit from a state-of-the-art technology already utilised by several market operators in Europe. The Bulgarian Stock Exchange has already been using Deutsche Börse's trading infrastructures since 2008.

With the migration from the current Xetra system to T7, latency in trading has been further reduced. In addition, international trading participants already connected to T7 can benefit from potential synergies through lower development and maintenance costs if they wish to gain exposure to the Bulgarian capital market.

"Deutsche Börse stands for high-performance capital market technologies. Based on our positive experience so far with Xetra we are looking forward to T7 as a sustainable and reliable system, opening new growth opportunities for the Bulgarian Stock Exchange,” says Ivan Takev, CEO of Bulgarian Stock Exchange. "With T7 we also enhance the order type portfolio for our markets allowing for even more efficient trading opportunities on the Bulgarian capital market”.

Stephan Schwandt, Head of Digitisation and Platforms in Deutsche Börse's cash market, says: "The launch of T7 for Bulgarian Stock Exchange demonstrates once again that Deutsche Börse’s IT solutions stand for high-quality and reliable service. Worldwide, our customers appreciate T7’s low latency and high flexibility. This is evidenced by the number of cash, derivatives and energy markets operators that use our trading architecture".

The Malta Stock Exchange last introduced T7 in March 2019. Several other exchanges in Europe and overseas also deploy Deutsche Börse's trading infrastructure. In addition to Eurex Exchange, the Xetra market in Frankfurt and the European Energy Exchange (EEX), which all rely on T7, cash market trading of Vienna Stock Exchange and the Shanghai Stock Exchange is based on technology, engineered by Deutsche Börse. The exchanges in Budapest, Ljubljana, Prague, Valletta and Zagreb have also been using DBAG infrastructure for many years.

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