Deutsche Börse Starts Offering Real-Time FX Pricing Data from 360T
- Access to the extended data will be beneficial to all market participants.
Deutsche Börse announced on Thursday that it is providing real-time FX pricing data from 360T through its CEF data feed, further expanding its FX data offering.
The marketplace organizer will act as the licensor of the data that will include an offering from 360T’s and DIGITEC’s swaps data feed (SDF) and streaming FX spot pricing data sourced from 360T’s Essential Data Feed (EDF).
“With this extended FX market data offering, we close a gap in the market for reliable and independent pricing data,” said Alireza Dorfard, Head of Data Services at Deutsche Börse. “Clients will benefit from access to the new offering under a single license agreement and from availability via Deutsche Börse’s CEF data feed.”
The SDFs of the two platforms offer data from overnight to 5 years in 40 currency pairs, along with real-time swaps market data in 1,800 crosses in G10 currencies, local markets and non-deliverable forward currency pairs.
Data Is in Demand
Deutsche Börse believes that the extended data offering will bring more transparency to the FX Swaps market. It will be beneficial to all market participants as Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms can get the best Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, while sell-side firms can efficiently price trades outside their core currencies.
“The Swaps Data Feed has been a true innovation in the FX market over the last few years. Our partnership with the banks has resulted in an outstanding product with a multitude of industry use cases. To now have this available through Deutsche Börse’s CEF data feed raises its accessibility to the next level,” said Simon Jones, Chief Growth Officer at 360T.
The FX data offering has been expanded at a time when Deutsche Börse is reporting growing FX revenues. Most recently, the German market operator acquired a majority stake in Switzerland-based Crypto Finance AG to cement its presence in the booming crypto market.
Deutsche Börse announced on Thursday that it is providing real-time FX pricing data from 360T through its CEF data feed, further expanding its FX data offering.
The marketplace organizer will act as the licensor of the data that will include an offering from 360T’s and DIGITEC’s swaps data feed (SDF) and streaming FX spot pricing data sourced from 360T’s Essential Data Feed (EDF).
“With this extended FX market data offering, we close a gap in the market for reliable and independent pricing data,” said Alireza Dorfard, Head of Data Services at Deutsche Börse. “Clients will benefit from access to the new offering under a single license agreement and from availability via Deutsche Börse’s CEF data feed.”
The SDFs of the two platforms offer data from overnight to 5 years in 40 currency pairs, along with real-time swaps market data in 1,800 crosses in G10 currencies, local markets and non-deliverable forward currency pairs.
Data Is in Demand
Deutsche Börse believes that the extended data offering will bring more transparency to the FX Swaps market. It will be beneficial to all market participants as Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms can get the best Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, while sell-side firms can efficiently price trades outside their core currencies.
“The Swaps Data Feed has been a true innovation in the FX market over the last few years. Our partnership with the banks has resulted in an outstanding product with a multitude of industry use cases. To now have this available through Deutsche Börse’s CEF data feed raises its accessibility to the next level,” said Simon Jones, Chief Growth Officer at 360T.
The FX data offering has been expanded at a time when Deutsche Börse is reporting growing FX revenues. Most recently, the German market operator acquired a majority stake in Switzerland-based Crypto Finance AG to cement its presence in the booming crypto market.