02.11.2015, 12:25
Deutsche Borse and BSE India further strengthen strategic alliance
OREANDA-NEWS. Deutsche Börse Market Data + Services is further strengthening its partnership with BSE India (formerly known as Bombay Stock Exchange) by licensing three new BSE market data products. The new “ultra” products deliver the full chain of pre-trade information and complete post-trade data.
“The new BSE ultra information products were launched to respond to client demand from major international end clients and data vendors for more granular pre-trade information. Under our agreement with BSE India, our clients can license the data under a single license agreement with Deutsche Börse. This helps them keep administrative processes efficient and save costs,” said Georg Gross, Head of Information, Deutsche Börse Market Data + Services.
The three new ultra information products disseminate bids and offers as soon as they occur up to an order book depth of five. “BSE India Spot Markets ultra”, “BSE India Derivatives Markets ultra” and “BSE India Indices ultra” are delivered via leased lines connecting directly to BSE India’s T7 trading infrastructure.
The introduction of the new data products further strengthens the long-term strategic partnership between the two exchanges. In 2013 BSE markets started operating on T7, Deutsche Börse’s state-of-the-art trading architecture. In the same year, Deutsche Börse signed a market data cooperation agreement with BSE India to act as the exclusive licensor of BSE market data and information products to all international clients. Since early 2015, Deutsche Börse, its derivatives exchange Eurex and BSE jointly offer connectivity services to certain overseas market participants via Deutsche Börse access points in Hong Kong and Singapore.
About Deutsche Börse – Market Data + Services
Deutsche Börse is one of the world’s leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. Deutsche Börse Market Data + Services encompasses the Group’s extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group's trading venues Eurex and Xetra as well as from cooperation partners. It also includes exclusive trading signals independent of its platforms such as economic indicators or macroeconomic news, reference data for more than 1,000,000 securities, approximately 10,825 indices including the STOXX and DAX index families, superior capital market infrastructure, and reliable connectivity services.
About BSE Ltd
BSE (formerly Bombay Stock Exchange Ltd.), established in 1875, is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Börse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). BSE also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides depository services through its Central Depository Services Ltd. (CDSL) arm.
“The new BSE ultra information products were launched to respond to client demand from major international end clients and data vendors for more granular pre-trade information. Under our agreement with BSE India, our clients can license the data under a single license agreement with Deutsche Börse. This helps them keep administrative processes efficient and save costs,” said Georg Gross, Head of Information, Deutsche Börse Market Data + Services.
The three new ultra information products disseminate bids and offers as soon as they occur up to an order book depth of five. “BSE India Spot Markets ultra”, “BSE India Derivatives Markets ultra” and “BSE India Indices ultra” are delivered via leased lines connecting directly to BSE India’s T7 trading infrastructure.
The introduction of the new data products further strengthens the long-term strategic partnership between the two exchanges. In 2013 BSE markets started operating on T7, Deutsche Börse’s state-of-the-art trading architecture. In the same year, Deutsche Börse signed a market data cooperation agreement with BSE India to act as the exclusive licensor of BSE market data and information products to all international clients. Since early 2015, Deutsche Börse, its derivatives exchange Eurex and BSE jointly offer connectivity services to certain overseas market participants via Deutsche Börse access points in Hong Kong and Singapore.
About Deutsche Börse – Market Data + Services
Deutsche Börse is one of the world’s leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. Deutsche Börse Market Data + Services encompasses the Group’s extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group's trading venues Eurex and Xetra as well as from cooperation partners. It also includes exclusive trading signals independent of its platforms such as economic indicators or macroeconomic news, reference data for more than 1,000,000 securities, approximately 10,825 indices including the STOXX and DAX index families, superior capital market infrastructure, and reliable connectivity services.
About BSE Ltd
BSE (formerly Bombay Stock Exchange Ltd.), established in 1875, is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Börse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). BSE also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides depository services through its Central Depository Services Ltd. (CDSL) arm.
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