The Cayman Islands Stock Exchange (“CSX”) is pleased to announce that it has signed an agreement with Deutsche Boerse to use its XETRA trading platform, which will go live at the CSX in early 2013.

The state of the art XETRA and its core technology is already in use at several exchanges including the Frankfurt, Irish and Shanghai stock exchanges and Eurex AG.  Approximately 400 banks and brokerage firms in 20 countries connect to Deutsche Boerse’s XETRA Network.

The CSX intends to use the platform to develop its secondary trading market for equities, debt and other securities.  The development follows the recent publication of new CSX listing rules targeting early stage growth companies (start-ups) and mineral companies.

Valia Theodoraki, CEO of the CSX said that “The new trading platform is complimentary to and enhances our current range of services and connects us to a well-established global network.  We are confident that our ability to list and trade a wide range of securities will prove attractive to users looking for a well recognized, adaptable and highly efficient system.”

Chairman of the CSX Anthony Travers added ”We have looked hard at alternatives and are convinced that establishing this business relationship in the context of a fully transparent, tax free offshore financial centre with unrestricted capital movement will prove highly beneficial to investors.”

About the CSX

The CSX is a leading exchange for issues of specialist securities, catastrophe bonds and offshore investment funds.  Its streamlined listing process and pragmatic approach has made it the venue of choice for many practitioners worldwide.  It has grown rapidly since its launch in 1997 with over 3,500 listing admissions to date and a current listed market value of approximately US$170bn.

About XETRA

This business unit of Deutsche Boerse provides listing, trading and clearing services for issuers, intermediaries and investors.  XETRA provides efficient access to the capital markets, supports the latest trading techniques and provides an ever-growing range of tradable securities. The trading system of the same name sets the highest standards in terms of reliability, security, speed and innovation.  The XETRA network offers the highest levels of liquidity, transparency and cost efficiency.  Approximately 900,000 securities are currently traded using XETRA technology – more than on any other trading platform.