German securities marketplace and stock exchange Deutsche Börse will be spending 270 mln euro (around $315 mln) on new tech investments including blockchain, Finextra reported yesterday, May 30.
The spending plan, part of the company’s 2020 roadmap which will involve 350 job cuts, will also include big data analytics, cloud, computing, robotics, and artificial intelligence. Deutsche Börse, the ninth largest exchange in the world, notes that the plan also includes the creation of several hundred new jobs in these sectors in the future.