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Deutsche Borse begins roll out of new IT platform.

Deutsche Borse Group has set out the schedule for its new Optimise trading architecture roll-out, with the first implementation at the International Securities Exchange (ISE), a US subsidiary of Eurex, the derivatives exchange joint venture between Deutsche Borse and SIX Swiss Exchange.

ISE will begin putting Optimise in place as the base for a new options trading system during April 2011 and will continue into July as both ISE's primary and secondary markets migrate to the new platform. Initially planned for Q4 2010, ISE completely revised the Optimise implementation timetable based on input from its members. The exchange says the system will now provide greater system functionality from day one of the Optimise launch.

Based on technology giant IBM's WebSphere MQ Low-Latency Messaging system, Optimise is designed to offer processing of trades at sub-millisecond speeds and has the capacity to process one million trades a second.

A timetable for implementation across Eurex and Deutsche Borse's equities platform has not yet been set.

Optimise should enable faster technology upgrades, lower maintenance costs, and enhanced expansion opportunities. It has full flexibility to support customisation for each individual marketplace where it will be deployed.

"We are very excited to formally introduce the Optimise architecture to the market and to provide ISE's customers with additional details regarding the implementation timeline. As its name implies, Optimise will be a world leading technology solution that demonstrates the key features that are critical to competing successfully in the exchange sector," said Michael Kuhn, member of the Deutsche Borse executive board and CEO of Deutsche Borse Systems.

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Publication:The Trade
Date:Dec 9, 2010
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