Success Story: Börsen AG

Clavister makes new merged stock exchange systems secure

“Clavister security products met our new post-merger requirements completely and the successful conversion of our IT infrastructure was due particularly to the Clavister solution. Up to now, no compromises with regards to our security concept have been necessary. Clavister’s scalable performance and security features have confirmed our decision. We are well-equipped for the future.”
Achim Bludau, Project Manager, Börsen AG

 

When Germany’s Hamburg and Hannover stock exchanges merged to form Börsen AG, they set the foundation for future growth and the birth of innovative ideas. Determined to provide the highest service quality and a best-price strategy for both its investors and corporate stock clients, Börsen has built upon that foundation by merging with a number of other affiliate companies.

These affiliates originally operated from many different buildings spread around Hamburg but that meant they had no common technical infrastructure and were only loosely linked. This fragmentation made management and support difficult and expensive and damaged efficient communication.

Also, security solutions had been adapted to meet the needs of the individual companies and could not cope with the new post-merger requirements. Availability of the old system was inadequate and it was not possible to benefit from central administration. Furthermore, the products had reached the end of their life cycles. 

What Clavister did

About Börsen AG

The Hamburg Stock Exchange was founded in 1558 and is the oldest of the eight stock exchanges in Germany. On September 1, 1999 the Hamburg and Hannover Stock Exchanges merged to form a joint corporate organisation, BÖAG Börsen AG. In addition to traditional securities trading in stocks, bonds and corporate participating certificates, the organisation has ventured into new business areas such as the start-up market which brings young companies in need of capital together with venture-capital initiators. www.boersenag.de

Country

Germany

Industry

Financial services