BSE inks with Eurex Group for technology platform

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BSE inks with Eurex Group for technology platform
Bombay Stock Exchange (BSE) along with Eurex Group announced that they have agreed to deepen their strategic partnership through a long-term technology alliance.

BSE will join the Eurex technology roadmap and deploy Deutsche Börse Group's trading architecture in a first step.

BSE aims to replace its derivatives market platform in the course of 2013 and plans to subsequently replace also its cash market plat-form.

The new partnership in the technology sphere will allow BSE to quickly achieve the highest global stan-dards for speed, reliability and order-handling capacity.

"We expect our technology alliance with Eurex will help BSE to compete more effectively in India, to help us attract more international participants into our marketplace and improve our market share in derivatives and equity trading," said Ashish Chauhan, MD and CEO of BSE. "It will quickly put BSE into the Premier League of exchanges in terms of the performance of our matching engine and overall tech-nology infrastructure."

"This technology alliance strengthens our long-term partnership with BSE, and is another milestone in our Asian strategic roadmap, in which India obviously plays an important role. This technology alliance also contributes to growing our global liquidity network, based on common market infrastructure, for the benefit of both our partners and our members," said Andreas Preuss, CEO of Eurex and Deputy CEO of Deutsche Börse AG.

Read more about: bse
Story first published: Wednesday, March 13, 2013, 16:33 [IST]
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