Deutsche Börse and 360T, Deutsche Börse Group’s FX unit, to serve FX markets with independent streaming swap market data.
Deutsche Börse Market Data + Services and Deutsche Börse 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.
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 the data feed of Deutsche Börse 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 increasing 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.”
About Deutsche Börse – Market Data + Services
Deutsche Börse Group is one of the world’s leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain in the financial services sector from trading, through clearing, to settlement and securities custody. Deutsche Börse Market Data + Services is part of the Group's Post-Trading, Data & Index division and encompasses its extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group's trading venues Eurex and Xetra as well as from cooperation partners. It also includes reference data for more than 1,7000,000 securities, more than 12,000 indices including the STOXX® and DAX® index families, superior capital market infrastructure, and reliable connectivity services.
360T belongs to Deutsche Börse Group and is an independent, globally-established trading venue. The company provides web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services. Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte. Ltd.), India (ThreeSixty Trading Networks (India) Pvt Ltd) and Dubai (360 Trading Networks LLC). Further information: www.360t.com
DIGITEC has been the world market leading software provider for FX and MM pricing systems for almost 20 years. Their clients are amongst the top 100 global acting banks, who run the software on a 24h basis in different trading centres globally. DIGITEC is based in Hamburg, Germany. For more information about DIGITEC’s Financial Technologies, visit its website at www.digitec.de
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