Deutsche Börse has partnered with data licensing company DataBP to implement a new digital data licensing and management platform to streamline its Market Data and Services (MD+S) business.
Deutsche Börse has released new features within its online contract management portal called MD+S interactive which are based on DataBP’s platform to make the subscription process for Deutsche Börse’s real-time market data information products more easily accessible.
MD+S interactive allows clients to navigate and manage their data licensing and subscriptions.
The new features to the platform, added in collaboration with DataBP, are designed to make it easier for customers to understand and acquire usage licenses.
Sven Wohlfarth, director of data services operations at Deutsche Börse, says: “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 the DataBP team’s flexibility and responsiveness.”
Mark Schaedel, CEO of DataBP, comments: “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.”
