Deutsche Boerse AG : Eurex and Bombay Stock Exchange Announce Technology Agreement
03/12/2013| 09:02am US/Eastern
German stock market operator Deutsche Boerse AG (DB1.XE) said Tuesday its derivatives unit Eurex has signed a technology partnership with Bombay Stock Exchange for the use of Eurex's trading architecture.
-Financial details of the agreement weren't disclosed.
-Bombay Stock Exchange plans to replace its derivatives market platform during 2013, and thereafter replace its cash market platform.
-By deploying the same trading infrastructure, the software alteration should reduce IT costs for common customers of Bombay Stock Exchange, Eurex Exchange and International Securities Exchange.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500