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Bombay Stock Exchange (BSE) has entered into a 'long term' technology tie up with Eurex Group, the operator of Deutsche Börse.
Under this tie up, the Asia's oldest bourse plans replace its trading architecture with that of German stock exchange.
The technology will first be implemented in the derivatives segment this year and later in the cash segment.
“We expect our technology alliance with Eurex will help BSE to compete more effectively in India, to help us attract more international participants into our marketplace and improve our market share in derivatives and equity trading,” said Ashish Chauhan, MD and CEO, BSE.
“This technology alliance also contributes to growing our global liquidity network, based on common market infrastructure, for the benefit of both our partners and our members,” said Andreas Preuss, CEO of Eurex and Deputy CEO of Deutsche Börse AG.
