Deutsche Börse To Offer FX Market Data09.11.2018
Deutsche Börse Market Data + Services and Deutsche Börse foreign-exchange (FX) trading venue 360T are launching a product offering covering FX spot market as well as FX swap market data. FX swap market information is based on a contribution model of liquidity providers developed in cooperation with the Germany-based company DIGITEC.
Together with our #foreignexchange (#FX) trading venue #360T, we are launching a product offering to serve FX markets with independent streaming swap #marketdata: https://t.co/5ALgmXo7hp pic.twitter.com/Ww1lqp4k0o
— Deutsche Börse Group (@DeutscheBoerse) September 11, 2018
Customers benefit from independent and representative swap market rates covering the relevant central bank meetings, year-, quarter- and month-end turn dates as well as IMM settlements and the corresponding spot market mid prices.
Deutsche Börse Market Data + Services will act as licensor of the new offering. FX market data is available via Deutsche Börse’s data feed as well as via 360T’s streaming FIX API as “Swap Data Feed” SDF.
“With this product expansion Deutsche Börse is extending its market data offering to the FX market, thereby closing a gap in the market for reliable swap data and demonstrating the synergies that Deutsche Börse Group has been able to create together with 360T. The new data feed provides for additional transparency to meet customer demand in an increasingly regulated market environment,” says Hartmut Graf, Head of Data Services at Deutsche Börse.
“In the day-to-day servicing of our customers, we have uncovered a gap in the market and identified a need for an independent, reliable and cost-effective source of FX market data,” says Simon Bajec, Deputy Head of EMEA Sales at 360T. “With DIGITEC we have just the right partner to satisfy this demand and we integrated the D3-360T data sources seamlessly into our systems. This new service helps customers with risk management, rate reasonability and best execution of FX swaps, NDF and forward trades.”
“We at DIGITEC are excited to launch this new service together with our long-time partner 360T,” says Peer Joost, Head of Sales at DIGITEC. “Relevant data is important for every kind of business; understanding its value is key. In recent years the range of available market data has been very static. We have the right offer at the right time.”
Source: Deutsche Börse
Exchange group reported its best second quarter, following a record first quarter.
Institutions can manage their bitcoin exposures in existing portfolio management and trading workflows.
Enabling a straight through process reduces operational complexity.
The new zero-footprint datafeed removes the need for dedicated market data infrastructure and equipment.
A robust sector taxonomy helps recognize similarities between digital assets which lead to correlated returns.