Issue link: https://maltatoday.uberflip.com/i/1417412
2 NEWS 7.10.2021 THE Malta Stock Exchange will extend the use of Deutsche Börse's T7 trading technology for a further five years. e agreement ensures that the Malta Stock Exchange will continue to operate its cash market with highly efficient technology. Both parties have agreed that future adjustments or innova- tions to Deutsche Börse's trad- ing infrastructure can also be introduced on the Malta Stock Exchange if desired. "Deutsche Börse provides us with exceptionally reliable and efficient trading tech- nology. The partnership has proven its worth for the Mal- ta Stock Exchange since 2012. Therefore, we have decided to continue to address the future technological changes and challenges facing the finan- cial industry together with Deutsche Börse," said Simon Zammit, CEO of Malta Stock Exchange. "We are delighted that the Malta Stock Exchange has chosen Deutsche Börse's IT services and technology solu- tions. is will enable trading participants to benefit from our technology for the cash market, which we are con- stantly developing, as well as from a large international net- work of market participants", said Eric Leupold, Managing Director of Deutsche Börse's Cash Market. Several other exchanges in Europe and around the world also use Deutsche Börse's leading trading architecture. In addition to the global de- rivatives exchange Eurex, the Frankfurt Stock Exchange with its Xetra platform and the European Energy Ex- change (EEX), the number one in global power trading, all of which use T7, the cash market trading of the Vienna Stock Exchange also runs on Deutsche Börse's technology. e exchanges in Budapest, Ljubljana, Prague, and Zagreb have also been using Deutsche Börse technology for many years. T7 stands for low laten- cy, enormous reliability, and a high degree of flexibility. is is demonstrated by its diverse use in cash, derivatives, and energy markets worldwide. Deutsche Börse and Malta Stock Exchange extend T7 trading technology agreement MCCAA strengthens alternative dispute resolution THE Malta Competition and Consumer Af- fairs Authority (MCCAA) bolstered consum- ers' means of redress by strengthening alter- native dispute resolution to further place the consumer at the centre of the economy. e Authority developed a bespoke IT solution, established documented processes in line with international standards, trained personnel and is reaching out to the commu- nity through a targeted information and ed- ucation campaign on the benefits of Alterna- tive Dispute Resolution. e initiative with a budget of 120,000 Euro was co-funded by the EU Consumer Programme (2014-2020) and supported by Servizzi Ewropej Malta. In his speech during the closing confer- ence of the project, Minister for Tourism and Consumer Protection Hon. Clayton Bartolo underlined the importance of having well equipped systems in place that help consum- ers obtain a timely and adequate remedy. Hon. Bartolo noted how Alternative Dispute Resolution is an efficient, timely, and cost-ef- fective mechanism to resolve a wide range of consumer disputes out-of-court. Parliamentary Secretary for Consumer Protection and Public Cleansing Hon. Deo Debattista highlighted that the Authority was strengthened through additional fund- ing and review of its regulatory framework. "is initiative is creating tangible impact on consumers' everyday life as it empowers con- sumers in the choice of redress mechanism". e MCCAA Chairperson, Inġ. Helga Piz- zuto reflected on the role of Authority as an impartial and independent regulator that works in tandem with stakeholders to ensure that fair and balanced solutions prevail. She stated that this initiative is part of a wider set of reforms aiming at digitalizing services and ensuring competence of personnel for the benefit of all stakeholders. More information is available on https:// adr.mccaa.org.mt/ Helga Pizzuto Clayton Bartolo Deo Debattista