On 9 July, the Malta Stock Exchange will be migrating to a new trading platform – Xetra, supplied and operated by Deutsche Boerse AG.

Xetra is a common platform used in 14 partner exchanges including the Frankfurt Stock Exchange, Dublin, Slovenia, Austria and Shanghai and is synonymous with the highest standards in terms of reliability, security, speed and innovation. Over 250 banks and brokerage firms from 18 countries and approximately 830,000 different securities are currently traded on the Xetra platform, making it the mostly widely used trading technology with a global reach. The move to this state-of-the-art technology reflects the Exchange’s strategy to seek more international business. It is intended that the significant international connectivity provided by Xetra will serve as an effective business enabler, facilitating internationalisation of our market to the benefit of all its users: listed companies, members and, not least of all, investors.

It is inevitable that a major technology change such as the migration to a new trading system will result in significant changes, not only to trading itself, but also to related operations and procedures. While the basic principles of trading remain unchanged, the trading functionality includes new concepts for our market, providing flexibility and efficiency so that the market can respond to rapidly changing market conditions while at the same time ensuring that it continues to operate in a regulated and transparent manner in line with EU standards. Clearing and settlement procedures have also undergone some changes, in particular provision for additional risk mitigation processes to provide a safe and secure framework for the final settlement of trades effected on the market.

Market data, including Index values, ticker, market summary and trades effected, will be provided on the Exchange’s website and – in accordance with EU standards – will be updated every 15 minutes.

The move to the Xetra trading platform is an important development for the Exchanges and its users. The Exchange remains fully committed to continuing to seek opportunities to attract new business and products to continue to develop the capital market for the benefit of its members, issuers and investors who, over the years, have shown confidence in the market.

Any member of the public wishing to know more about this migration to Xetra may phone Freephone 8007 2287 between 8.30am and 4pm, every day from Monday to Friday, or else may access the Exchange’s website at www.borzamalta.com.mt for further details, including a number of FAQs.