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.