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Alternative Market Briefing

Cayman Islands Stock Exchange launches Xetra Trading Platform

Tuesday, March 26, 2013

Bailey McCann, Opalesque New York: The Cayman Islands Stock Exchange in partnership with the Deutsche Börse Group has launched its own Xetra Trading Platform. The platform will rely on the Xetra trading system, developed and operated by the Deutsche Börse Group in Frankfurt, Germany. The partnership will allow the CSX to take on the full range of trading for equities debt and other securities, which includes insurance linked securities, listed on the CSX.

The Xetra Trading Platform is one of the flagship technologies offered by the Deutsche Börse Group. According to the company, Xetra can be operated either fully electronically for continuous trading, or through a specialist for the continuous auction trading model. The platform already supports continuous trading in Germany and on some other markets. The company offers additional features that plug into the platform to improve overall trading intelligence for platform operators including its Xetra Observer alerting system. So far, there are over 250 participants and some 4,700 registered traders using Xetra.

The CSX can now offer companies that wish to list access to a network of approximately 400 global participants who are currently authorised to trade on one or more Xetra markets. International Xetra participants can be passported through a simple process as CSX broker members and will be able to reuse their existing Xetra connection to enter trades into the CSX Xetra platform.

"Migrating to the Xetra tradin......................

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