German exchange operator Deutsche Börse has gone live on the Tbricks market surveillance platform from Itiviti for its Eurex derivatives exchange, according to vendor officials.

The exchange uses the application-based system to price all the equity-, forex-, and index options listed on Eurex and their underlying components and feeds the results to its downstream systems, Lee Griggs, president EMEA at Itiviti told Markets Media.

“Deutsche Börse is using TBricks like any trading house might need,” he said. “It needs to price up all of its instruments to have a fair value and set various parameters to come up with that pricing.”

Both parties signed the contract within the past year, and the vendor waited until the system had been up and running for a while before making the announcement.

“We have chosen the technology available from Itiviti as well as their ability to customize to our specific requirements in a very short timeframe,” said Manfred Matusza, a member of Deutsche Börse Group’s executive board in a prepared statement.

Griggs could not go into further detail about the implementation due to non-disclosure agreements.