Xetra®, the fully electronic trading system of Wiener Börse AG will be migrated to the modern trading infrastructure "Xetra® T7".
Already today, this technology is being used by Eurex® etc. and also cash market trading of Deutsche Börse AG will be transferred to the new platform in near future.
The current trading technology of Xetra® was introduced at Wiener Boerse in November 1999. The migration to Xetra® T7 is not only a further development of the existing Xetra® platform but the introduction of a new and innovative trading system representing
- low latency,
- high throughput and
- greater flexibility
for the participants.
In a first step, continuous trading and auction trading in equities and ETFs, listed on Wiener Börse will be migrated to the new technology in Q3 2017. Wiener Börse is going to keep the functional deltas as minor as possible.
Trading of bonds and structured products will remain on the current Xetra® Classic system for the time being and will be migrated in a second step end of 2018, presumably.
Simulation will be available for participants as of 31 May 2017. Go-live for Xetra® T7 in Production is scheduled for 31 July 2017.