Trayport Exchange Systems, a provider of exchange trading systems, has contracted to supply a new exchange trading system to Bayerische Borse, operator of the Munich Stock Exchange in Germany.
Under the agreement, Bayerische Borse will use Trayport’s exchange trading system platform 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 is expected to launch in October 2009.
Christine Bortenlanger, board member of Bayerische Borse, said: “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. 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: “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.”
