Malta Stock Exchange migrates to Xetra platform

Malta’s stock exchange enters a new era on Monday when chief executive Eileen Muscat will symbolically flick a switch to migrate it onto Xetra, the new trading platform.

Supplied, hosted and operated by Deutsche Boerse AG, the Xetra platform will offer significant functional changes to increase efficiency while retaining legally mandated transparency and regulation levels.

The move comes under the stock exchange’s strategy to seek more international business. The platform’s implementation is an effective business enabler and will facilitate international players’ access to the market.

Xetra offers significant connectivity opportunities for participants in the Maltese market. The common platform is used in 14 partner exchanges including the Frankfurt Stock Exchange, Dublin, Slovenia, Austria and Shanghai, with more than 250 banks and brokerage firms from 18 countries trading across the participant exchanges and approximately 830,000 different securities currently traded on this platform.

Xetra is the most widely used trading platform with the largest global footprint.

Xetra will provide the exchange with the capability to develop a whole range of new products for the local market.

The exchange has already seen new business from the link of its depository with Clearstream Bank, a Deutsche Boerse AG subsidiary providing settlement infrastructure.

Information about this development is available to investors on Freephone 8007 2287 between 8.30 a.m and 4 p.m. on weekdays or at www.borzamalta.com.mt.