 "Deutsche Borse to be exclusive licensor of BSE market data")
The partnership will allow Deutsche Borse to deepen its client service capabilities in important Asian markets such as India, as well as strengthen the strategic alliance between the two exchanges, a statement issued here said.
The new cooperation will benefit existing and potential customers by giving them access to both exchanges' market data products under a single license agreement, the release said.
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"By partnering with BSE we give customers access to the full suite of real-time, delayed and end-of-day data products offered by both exchanges under a single license agreement.
"This approach meets clients' market data needs while reducing their administrative requirements and increasing overall efficiency," Deutsche Borse Head of Front Office Data Services Georg Gross said.
"The partnership with Deutsche Borse will enhance BSE's visibility with international clients in the area of market data and information products. BSE will also get access to the innovative product development expertise of Deutsche Borse, which shall help BSE to provide an improved customer experience," BSE Chief Business Officer Balasubramaniam Venkataramani said.
Under the new cooperation, Deutsche Borse will be responsible for sales and marketing of all BSE market data products to customers outside of India, while BSE continues to serve its domestic clients.
Deutsche Borse will also share joint responsibility for product development and innovation, which includes extending its existing and the creation of new market data solutions and infrastructure to support BSE's product offerings.
Products covered under the cooperation agreement include real-time, delayed and end-of-day data for BSE's equity and derivatives markets, corporate data such as results, announcements, shareholding patterns and corporate actions as well as real-time and delayed indices.
In March 2013, the two exchanges announced a long-term technology partnership in which BSE will deploy Deutsche Borse Group's trading infrastructure.