Deutsche Börse's IT unit is working with open source vendor Red Hat as it bids to enable real-time transaction risk management for financial services clients.
Deutsche Börse Systems is implementing Red Hat Enterprise MRG with the open Advanced Messaging Queuing Protocol (AMQP) standard and Red Hat Enterprise Linux.
The risk management functionality will be part of the next release of Eurex, a Deutsche Börse and SIX Swiss Exchange joint venture. When the new risk support platform goes live, planned for early 2010, it aims to provide secure, near real-time access to risk information.
The platform will help banks and other financial institutions to discover, track and manage risk associated with derivatives trading deals more efficiently, says Red Hat. In addition, as AMQP is an open standard, it will also be easier for the clients' IT departments to connect their own risk management systems with Eurex's interface.
Gerhard Lessmann, executive board member, Deutsche Börse Systems, says: "We decided to implement Red Hat Enterprise MRG Messaging with AMQP because we wanted to make it as easy as possible for our client banks to access the relevant risk data. Using the open standard AMQP helps us to avoid complex and time-consuming development of customized adaptors."