Financial market participants require fast, concise and accurate information to successfully operate in today’s markets. Deutsche Börse’s ...
Deutsche Börse Market Data + Services is further strengthening its partnership with BSE India (formerly known as Bombay Stock Exchange) by licensing market data products for the newly set up international exchange India INX to international clients. India INX, a wholly owned subsidiary of BSE, is located in the “International Financial Service Centre” (IFSC) situated in the state of Gujarat.
“Clients can license all India INX data products under their existing single license agreement with Deutsche Börse. This approach meets clients’ market data needs while reducing their administrative requirements and increasing overall efficiency,” said Hartmut Graf, Head of Data Services at Deutsche Börse.
The introduction of the new data products further strengthens the long-term strategic partnership between Deutsche Börse and BSE. 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 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.
Deutsche Börse is one of the world’s leading service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group's offering covers the entire value chain from trading, through clearing, to settlement and custody of securities. Market Data + Services is part of Deutsche Börse's IT & Operations, Data & New Asset Classes division and comprises the Group's broad market data offering as well as external technology and network services. Products and services include real-time and historical trading data from the Group trading venues Eurex and Xetra, as well as from cooperation partners. The department also markets reference data for more than 1,000,000 securities and over 11,000 indices including the STOXX and DAX index families, an excellent trading infrastructure and reliable network services.
India INX, a wholly owned subsidiary of BSE, is located in Gift City, India’s first and only International Financial Service Centre (IFSC) situated in the state of Gujarat. The IFSC offers state-of-the-art infrastructure, a liberal tax regime and is the only place in India which allows offshore transactions. India INX will facilitate trading, clearing and settlement of global products across all major asset classes, including equity and equity derivatives, commodity derivatives, currency derivatives, interest rate derivatives and debt instruments.