The new product, to be distributed via information providers, is aimed at the back office areas of banks and financial institutions, which will have access to reference data originating directly from the settlement and custody systems of Deutsche Börse Group. "Our customers will benefit from high-quality data, which will allow them to both reduce erroneous transactions that result from inconsistencies in the settlement process, and to structure clearing and settlement more efficiently", said Holger Wohlenberg, Managing Director of Information Services at Deutsche Börse. This means that, in the future, Deutsche Börse would be offering capital market information for the entire securities trading value chain - from trading data, regulatory information, through to reference data, as Wohlenberg carried on to explain.
The product will be introduced in two stages: From February, Deutsche Börse will supply information providers with reference data on German securities, on a daily basis, via a so-called "File Transfer Protocol" (FTP). The second stage involves expanding the data provision to include Luxembourg securities as well as international bonds.
