Frankfurt-based markets operator Deutsche Börse has announced that its Deutsche Börse Managed Services unit will be providing the IT infrastructure for the trading platform of German private bank Donner & Reuschel.
These services enable a seamless connection to the trading platforms Xetra and Eurex. The Managed Services form part of Deutsche Börse’s Infrastructure Services offer, which comprises licensing, hosting and maintenance of Deutsche Börse applications and infrastructure elements to external clients.
Private bank Donner & Reuschel, founded in 1798, is based in Hamburg and Munich and specialises in banking services for private clients, entrepreneurs operating their own businesses and institutional investors.
Deutsche Börse will assume administration of the IT infrastructure and hosting for Donner & Reuschel in its data centres. In addition to connecting to its own trading platforms Eurex and Xetra, network connectivity will also be extended to bank end users and additional third-party providers.
“Deutsche Börse provides our Capital Markets area with a comprehensive financial IT solution, guaranteeing us full compliance with the heavily regulated German financial market,” said Markus Neuburger, head of Equity & Derivatives at Donner & Reuschel.
All services will be provided in Germany and are part of a long-term cooperation between Deutsche Börse Managed Services and pdv Financial Software GmbH for provision of the DECIDE pdv software solution for securities trading.
Reinhard Wienke, managing director of pdv Financial Software, said,
The strategic partnership between pdv and Deutsche Börse Group enables us to offer our financial sector clients a comprehensive IT solution of software to support the entire financial market process chain from trading to settlement, application hosting and network connectivity. We look forward to strengthening this collaboration further in the future.
“We are very pleased that this collaboration with pdv Financial Software allows us to offer the company’s trading software solutions via our data centres. Donner & Reuschel’s use of our Managed Services with its connection to Xetra and Eurex is a good example of how we can enable seamless access to our trading platforms,” said Holger Wohlenberg, Managing Director of Deutsche Börse Market Data + Services.
Deutsche Börse Group provides IT Hosting and Managed Services to customers via Clearstream Services S.A. Clearstream Services, a fully integrated Deutsche Börse Group entity, employs more than 600 IT specialists and runs one of the largest IT operations in Luxembourg. It has been offering IT Hosting and Managed Services since 2004.
Private bank Donner & Reuschel, founded in 1798, is based in Hamburg and Munich and specialises in banking services for private clients, entrepreneurs operating their own businesses and institutional investors. Its suite of solutions ranges from bank and securities account services to strategies for sound asset generation, risk-optimised investment, capital market access and financing solutions, to pensions and development of customised asset transfer planning.