Deutsche Börse has introduced a new cloud-based service for the delivery of historical market data.
The new service, dubbed 'Data on Demand' grants clients direct access via the Internet to a database of historical trade data from trading venues Xetra and Eurex, as well as Deutsche Börse index data.
Sascha Rangoonwala, head of back office data and services, at the German exchange, says the service makes it possible for users to access data at a low-price entry point without the need for heavy infrastructure investment.
Market data can be ordered manually via an internet front end and downloaded directly. There also is an HTTP-based, application programming interface (API) available. With this API data can be used in client-specific applications like tools for analysis, business intelligence solutions and spreadsheets. Inquiries can be automated and data can be downloaded as needed.
Says Rangoonwala: "Our new offering allows financial analysts, developers of financial applications and vendors to get fast and flexible access to historical trading data for backtesting and analyses."
The data offering contains historical order book and tick data, price time series, closing prices and VWAP. Upcoming enhancements will include exclusive trading signals and key analytical data, says Rangoonwala.