11/05/2018 | Press release | Distributed by Public on 11/05/2018 04:12
Stuttgart, Germany, 5 November 2018
AxeTrading becomes system partner of Boerse Stuttgart
Automated processes in bond trading // Added value through new services
Bundled expertise for bond trading: AxeTrading becomes official system partner of Boerse Stuttgart. The leading exchange for bond trading in Germany and the international provider of fixed-income e-trading technology solutions are thus laying the foundation for long-term and close cooperation.
With new connectivity and execution management solutions, AxeTrading will support Boerse Stuttgart in further optimizing processes in bond trading and providing customers with new services. "In addition to innovative technology to reduce complexity, AxeTrading also offers many years of experience and an international network with which we can further increase the reach of Boerse Stuttgart in bond trading and complement each other," says Michael Görgens, Managing Director Fixed Income and eSalestrading at Boerse Stuttgart. In bond trading, order book liquidity is a decisive factor for trading quality. Here, Boerse Stuttgart focuses on retail investors with its established hybrid market model. At the same time, it serves professional clients as an alternative trading venue for small-sized orders, where the various liquidity pools are successfully merged.
For AxeTrading, the system partnership with Boerse Stuttgart marks the firm's entry into the German fixed-income market. "We are pleased to win a customer in our second home market as well, because our software development is carried out exclusively in Germany. We also like the innovative spirit of Boerse Stuttgart in the bond sector, so we are looking forward to a long-term and successful partnership as an innovative company," says Ralf M. Henke, CEO of AxeTrading Ltd. With its headquarters in London and the Innovation Centre in Magdeburg, AxeTrading has established itself as an international software provider for electronic bond trading. Customers include leading regional banks to support their market maker functions in various electronic markets, as well as asset management firms and agency brokers using the firm's flagship fixed income EMS product. AxeTrading currently serves customers on four continents.
About Boerse Stuttgart
Boerse Stuttgart is Germany's leading floor-based exchange and the first choice of retail investors. Here in Stuttgart, investors can trade equities, securitised derivatives, debt instruments (bonds), exchange-traded fund units (ETFs), investment fund units and participation certificates while benefiting from top-quality execution at the best prices. Boerse Stuttgart leads the German market for exchange-based trading in corporate bonds and is number one in Europe in the securitised derivatives segment. Our hybrid market model integrates trading experts into the electronic trading process. Their role is to inject additional liquidity as required and to ensure that orders are executed quickly and reliably. In order to protect investors and guarantee transparency, Boerse Stuttgart implements all the regulatory and control mechanisms you would expect of an exchange governed by public law. In 2017, Boerse Stuttgart recorded a total trading volume of around EUR 81 billion across all asset classes, making it Europe's tenth largest exchange.
Boerse Stuttgart GmbH Börsenstrasse 4 70174 Stuttgart Germany
PO Box 10 06 43 70005 Stuttgart Germanyphone fax
+49 (0)711 222985 711 +49 (0)711 222985 555
VAT ID: DE 19 11 91 166
Chairperson of the Supervisory Board: Dr Michael Völter Managing Directors: Alexander Höptner (Spokesperson of the Management Board), Stefan Bolle, Dragan Radanovic Registered office: Stuttgart, Stuttgart District Court [Amtsgericht], Commercial register entry: HRB 753383