The Munich Stock Exchange will use Trayport's Exchange Trading System platform to provide technology for a pan-European Carbon Emissions Exchange (www.greenmarket-exchange.com), a new trading venue for instruments including European Union Allowances, and Certified Emission Reduction Units, with clearing and settlement provided by Deutsche Bank.

"Having a flexible trading platform that allows us to grow as we need is an essential requirement," said Christine Bortenlnger, board member of Bayerische Brse in a press release. "It is one that we know Trayport's Exchange Trading System will provide. This will allow us to expand our offering into new asset classes, while supporting our existing clients, and remove any constraints found in our current system. It is also a real advantage for us to be able to access Trayport's Trading Gateway community of energy traders."

The new carbon exchange trading venue will launch in October 2009 and represents a new direction for Bayerische Brse. To date Bayerische Brse has operated as an equity market, offering the ability to trade more than 11,000 securities from over 60 countries, said Jubin Pejman, vice president, Americas from Trayport's New York office. Trayport is a subsidiary of GFI Group Inc..

Adrienne Quinn, Head of Trayport Exchange Systems, said in a statement, "We are delighted to announce this new relationship with Bayerische Brse. This contract reflects the inherent flexibility of Trayport's Exchange Trading System which will allow Bayerische Brse to develop its business in this exciting market landscape."

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