London (November 7, 2005) BT Radianz, one of the leading global providers of financial services connectivity, today announced that it has signed an agreement with Deutsche BÃ¶rse Group to provide access for its community members to the Xetra and Eurex trading systems. These Deutsche BÃ¶rse applications will be accessible to multiple members within the BT Radianz community.
Xetra, the fully-electronic cash market trading system of Deutsche BÃ¶rse Group, enables trading in shares and warrants on a single platform from any location in the European Union and Switzerland. With about 300 participants and approximately 3,300 connected traders, Xetra has established itself as a standard for fully electronic securities trading. More than 5,700 international securities can be traded on Xetra.
Eurex is the worldâs largest futures and options exchange and is jointly operated by Deutsche BÃ¶rse Group and Swiss Exchange. Eurex operates a fully electronic trading platform, providing an automated and integrated joint clearing house for products and participants, thus achieving centralized, cross-border risk management.
Rainer Riess, managing director, stock market business development, Deutsche BÃ¶rse Group, said: "We are very pleased to have reached an agreement with BT Radianz and thus to be able to offer new users cost efficient and easy access to our product portfolio."
David Stopforth, head of European sales, BT Radianz, said: "BT Radianz provides access to 40 major exchanges and electronic communications networks (ECNs) globally. Many of these are realising the benefits of having their applications available on RadianzNet, particularly the connection time for new participants. We are also now seeing a significant number of participating exchanges/ECNs increasing the number of applications they make available over RadianzNet. With the MiFID deadline looming, exchanges need to realise that the regulation is not only about changing systems but creating the necessary connections."