Deutsche Börse has partnered with data licensing company DataBP to implement a new digital data licensing and management platform to streamline and optimise its market data and services (MD+S) business.
Deutsche Börse has also released new features within its online contract management portal called MD+S interactive which are based on DataBP’s platform to make the subscription process for Deutsche Börse’s real-time market data information products more easily accessible.
MD+S interactive allows clients to navigate and manage their data licensing and subscriptions.
The German exchange supports a global client base with market data and services through a broad and diverse network of distribution channels.
It said that the diversity and scale of its data business is amongst the largest of global exchanges, requiring significant resources to support and maintain.
DataBP’s platform provides Deutsche Börse with the opportunity to take systems and processes to the next level of digitalisation and enhance customer experience.
“DataBP’s deep knowledge of automating the data licensing process helps us to enter a stage where clients can immediately subscribe to our information products using MD+S interactive,” says Sven Wohlfarth, director of data services operations at Deutsche Börse. “The implementation process has been seamless and is a testament to the DataBP team’s flexibility and responsiveness.”
Mark Schaedel, CEO of DataBP, adds, “Partnering with Deutsche Börse brings the opportunity for significant impact in terms of introducing innovation and affecting change in the industry. The role and use of data in today’s capital markets has outpaced the evolution of the market data business model. We are focused on building a community of the largest providers of data to share in the cost of innovation and bring efficiencies to the industry.”
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