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Munich Stock Exchange Selects Trayport as its Carbon Credit Trading Platform
Aug 06, 2009 (08:08 AM EDT)
NEW YORK, Aug. 6 /PRNewswire/ -- Trayport Exchange Systems, a leading provider of exchange trading systems, has contracted to supply a new exchange trading system to HASH(0x1741090) AG, operator of the Munich Stock Exchange in Germany.
Under the agreement, Bayerische Borse will use Trayport's Exchange Trading System platform ( HASH(0x172fd10) HASH(0x1735530) ) to provide technology for a pan-European Carbon Emissions Exchange ( ), a new trading venue for instruments including European Union Allowances and Certified Emission Reduction Units, with clearing and settlement provided by Deutsche Bank.
The new venue will launch in October 2009 and represents a new direction for Bayerische Borse. To date Bayerische Borse has successfully operated as an equity market, offering the ability to trade more than 11,000 securities from over 60 countries, said Jubin Pejman, Vice President Americas from Trayport's New York office. Trayport is a subsidiary of GFI Group Inc. .
"Having a flexible trading platform that allows us to grow as we need is an essential requirement. It is one that we know Trayport's Exchange Trading System will provide. This will allow us to expand our offering into new asset classes, while supporting our existing clients, and remove any constraints found in our current system," said Christine Bortenlanger, board member of Bayerische Borse. "It is also a real advantage for us to be able to access Trayport's Trading Gateway community of energy traders."
Adrienne Quinn, Head of Trayport Exchange Systems, said, "We are delighted to announce this new relationship with Bayerische Borse. This contract reflects the inherent flexibility of Trayport's Exchange Trading System which will allow Bayerische Borse to develop its business in this exciting market landscape."
a GFI Group Inc. subsidiary HASH(0x1738eb0) is a supplier of multi-asset class electronic trading and order matching software for brokers, exchanges and traders. Trayport develops, deploys and supports quality, resilient software for trading in any asset class worldwide in cleared or OTC markets. For details visit:
is the operator of Borse Munchen. Borse Munchen (Munich Stock Exchange) started operations on 16 December 1830. It now offers trading services in more than 11,500 securities representing various asset classes from more than 60 countries around the world. For details visit: HASH(0x16e4640)
SOURCE Trayport Ltd.
CONTACT: Dick Pirozzolo of Pirozzolo Company PR, +1-781-235-9911, email@example.com; or Paul Bowhay of Zest Corporate PR, +44-20734-0404,
Web site: http://www.trayport.com/