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 firms can get the best Execution , 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.
