The Shanghai Stock Exchange has decided to implement Deutsche Boerse's Xetra electronic trading system, a German newspaper reported on Saturday, citing financial market sources.
Boersen-Zeitung said an agreement was due to be signed and announced shortly, with Deutsche Boerse as a sub-contractor to technology consulting firm Accenture in the deal. Deutsche Boerse declined to comment when reached by Reuters.
A Shanghai exchange official said in April that Deutsche Boerse was among a handful of candidates in the running to help set up an electronic trading system for the Chinese bourse.
Deutsche Boerse's Xetra is already being used by the Austrian and Irish stock exchanges.
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