Deutsche Börse and the Taiwan Futures Exchange (TAIFEX) have embarked on a collaboration project.

The deal means that Deutsche Börse will be the licensor of TAIFEX market data for international clients. According to Hartmut Graf, Head of Data Services at Deutsche Börse, this mean that customers who are interested in TAIFEX market data can use and disseminate both TAIFEX and Deutsche Börse data with one license.

“We provide our customers with the complete range of real-time data, delayed data and end of day-data from both exchanges,” says Hartmut. “On the one hand, the data is derived from our trading venues Eurex and Xetra. On the other hand, this license agreement also includes data from our partner exchanges such as the Irish Stock Exchange or BSE India and, of course, from TAIFEX.”

The cooperation will enable Deutsche Börse to “extend its market data offering” through a “key” Asian derivative exchange. TAIFEX, for its part, gets an expanded market data customer base.

EU must be joking

The European Union’s competition watchdog raised eyebrows last month by killing off the £24 billion merger between Deutsche Börse and the London Stock Exchange (LSE). The merger would have “significantly reduced competition by creating a de facto monopoly in the crucial area of clearing of fixed-income instruments,” according to Competition Commissioner Margrethe Vestager.

LSE and Deutsche Börse had proposed selling the French clearing arm of LCH.Clearnet, majority owned by the former, to meet the competition requirements. The Commission had also ordered LSE to sell its 60% in fixed-income trading firm MTS.

MTS, while a small part of LSE’s overall structure, is a large platform for trading European government bonds. The firm is referred to as a “systematically important business” for the Italian government.

Whether the reluctance to sell MTS played part in the final decision is unknown.

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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