Deutsche Börse Group partners with DataBP to digitise market data licensing
By Joy Dumasia
DataBP, the data licensing and subscription management platform, announced that it has partnered with Deutsche Börse Group to implement a digital data licensing and management platform to streamline business operations and optimize the customer experience for its Market Data + Services (MD+S) business.
Deutsche Börse Group supports a global client base with market data and services through a broad and diverse network of distribution channels. The diversity and scale of Deutsche Börse’s data business are amongst the largest of global exchanges, requiring significant resources to support and maintain. DataBP’s platform provides Deutsche Börse with the opportunity to take systems and processes to the next level of digitalization and enhance the customer experience.
In order to make the subscription process for Deutsche Börse’s real-time market data Information Products more navigable and to make it easier for customers to understand and acquire usage licenses, Deutsche Börse has released new features within its online contract management portal called ‘MD+S interactive’ which are based on DataBP’s platform. MD+S interactive allows clients to navigate and manage their data licensing and subscriptions and enables Deutsche Börse to manage these relationships at scale better.
Dr. Sven Wohlfarth, Director of Data Services Operations at DBAG, said: “The upgrade of our online contract management tool is part of our high-level strategy to ensure the availability of our data for all use cases at any time and in the most efficient way possible. Our work with DataBP has been a successful partnership. DataBP’s deep knowledge of automating the data licensing process helps us to enter a stage where clients can immediately subscribe to our Information Products using MD+S interactive. The implementation process has been seamless and is a testament to DataBP team’s flexibility and responsiveness.”
Mark Schaedel, CEO of DataBP, commented: “We are thrilled to add Deutsche Börse to our community of global exchanges that are modernizing the market data business model. Our platform is designed to support the rapid onboarding of clients and launch of new products by streamlining conventional business processes. Partnering with Deutsche Börse brings the opportunity for significant impact in terms of introducing innovation and affecting change in the industry. The role and use of data in today’s capital markets has outpaced the evolution of the market data business model. We are focused on building a community of the largest providers of data to share in the cost of innovation and bring efficiencies to the industry.”
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