DataBP Partners with Deutsche Börse to Implement a Digital Data Licensing Platform

DataBP, the market data administration platform and service provider for exchanges, index and data providers, recently announced its collaboration with Deutsche Börse Group.

Through the collaboration, the companies will implement a digital data licensing and management platform to streamline business operations and optimize the customer experience for DataBP's 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 is 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.

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."

This week, Deutsche Börse has just published its quarterly statement Q1/2022, revealing increase in key metrics. The group's net revenue rose by 24 per cent to €1,061.6 million in the first quarter of 2022, mainly due to increased trading activity.