Red Hat Enterprise MRG and the AMQP Open Standard Improve Risk Management Functionalities for Deutsche Börse

Both are designed to enable realtime transaction risk management for its financial services clients. AMQP, an open standard messaging protocol, is an integral part of Red Hat Enterprise MRG, a next-generation IT infrastructure incorporating messaging, realtime and grid functionality that is well-suited for cloud computing environments.

The new risk management functionality will be part of the next release of Eurex, the trading and clearing system of one of Europe's largest derivatives exchanges. Eurex is a joint venture of Deutsche Börse AG and SIX Swiss Exchange. When the new risk support platform goes live, planned for early 2010, it aims to provide secure, near realtime access to risk information. This platform will also help banks and other financial institutions to discover, track and manage risk associated with derivatives trading deals more efficiently.

"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," said Gerhard Lessmann, member of the executive board at Deutsche Börse Systems.

"Open standards are a key element to driving down development costs, keeping ongoing maintenance expenses low and ensuring vendor independence," said Werner Knoblich, vice president of EMEA at Red Hat. "With its efforts to use AMQP as part of the new risk management functionality, Deutsche Börse is an industry pioneer and we're proud to support its strategy."

AMQP is delivering benefits today through speeding up the development process, freeing up internal resources to focus on business tasks and delivering the high performance expected by the exchange's banking customers. Customers using Eurex's realtime risk management system, based on Red Hat Enterprise MRG, are expected to benefit from up-to-the-second access to risk information that can help to discover, rate and track risk associated with individual trades and the overall investment strategy. 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.

Deutsche Börse Systems, a member of the AMQP Working Group alongside Red Hat, is one of the early major financial services organizations to implement the open AMQP standard. Until recently, financial business messaging was dominated by proprietary and bespoke messaging interfaces.