Deutsche Börse is reportedly expanding the market data offering on its Cloud-powered online analytics platform A7 in order to include historical market data from international derivatives marketplace CME Group.
The two companies have reached a licensing agreement, which will allow market participants to test out their trading strategies and make well-informed trading decisions by subscribing to market data sets from exchanges through the A7 platform.
As mentioned in the update, historical data from CME Group will be available on a daily basis on a t+1 basis, and, initially, will reportedly include data from each of its four designated contract markets – the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), Commodity Exchange (COMEX) and New York Mercantile Exchange (NYMEX).
As noted in the announcement, the new data sets from CME Group will be available from June 2022.
With the product new offering, Deutsche Börse is responding to client requests for extensive market data that they are able to access through a single interface.
Alireza Dorfard, Head of Market Data + Services, stated:
“Our customers have a strong demand for data on global derivatives markets. Through the cooperation with CME Group, they can now obtain and analyse this data easily and promptly via A7. We will continue to expand our data offering to meet the needs of our clients.”
Dorfard added:
“Our market data is optimised for use with A7’s analytics engine, bringing together high-quality derivatives benchmarks with tailored trading strategies for profitability and risk management,” says Trey Berre, Global Head of Data Services at CME Group. “This robust combination of data and analytics, accessed through services like Deutsche Börse’s cloud-based platform, enables a broader community of investors to identify actionable insights with greater speed and less complexity.”
Complementary to CME Group market data, users of A7 can access detailed market data from Eurex, Xetra and EEX in order to trade more efficiently or to develop and test out execution algorithms more easily.
Deutsche Börse introduced the analytics platform back in July 2020.
The intuitive, user-friendly environment has been built into the customers’ front-end without the need to operate their data warehouse to access key analytics in market dynamics and microstructures.