Deutsche Börse Xetra to Adopt Socket-Based Interface

The new release, version 10.0, will have a socket-based interface, explains Kai Winkelhagen, senior project manager for cash derivatives IT at Deutsche Börse. Members will be able to program their own applications against the socket and won't need to have any software from the bourse. "The main advantage is for algorithmic traders. ... It means additional hubs between the members and our backend will disappear," he adds.

High-frequency traders also should benefit from the introduction of non

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