Alireza Dorfard, Deutsche Börse.
By integrating existing data and analytics subsidiaries, Deutsche Börse is now able to offer a broader and more powerful offering.
Best Speaking to Execution.
How has the current market environment, with its increased focus on digitalization and data, influenced Deutsche Börse’s data offering this year?
Over the past few months, we have continued to improve our product offerings, including adding new asset classes and expanding our global coverage through new data sources and collaborations, including data from Kaiko, a leading digital asset data provider. We have continued to expand our portfolio. Data for the Latin American market is also included. We also enhance our delivery of real-time data feeds with cloud-based solutions for certain products, providing flexible, user-friendly 24/7 access to data directly from the exchange.
In a world where the only thing constant is change, it can be difficult to focus properly. How do you prioritize the group’s strategy?
As new use cases require increasingly sophisticated products and services across a wide range of sources, a deeper understanding of the challenges and data needs faced by our customers is critical. In general, the influx of new customers, the increase in the amount of data and the sophistication of demands have led us to customize our services more and become more involved with the market and its participants.
Another trend is the growing importance of cloud delivery of data. Using cloud feeds has significantly reduced time to market and increased accessibility. Although it is not yet a replacement for traditional real-time feeds, participating in this development is definitely very important.
Digitalization is disrupting the trading environment and advanced analytics are at the forefront of that evolution. How much will this affect your service?
The evolution of our data offering is closely linked to market activity. As mentioned earlier, we recognize that our customers’ needs are moving towards more sophisticated use cases, and our products have evolved accordingly. The competitive environment has us exploring more diverse data sources and expanding our use of advanced models to make a difference and thereby help our clients stay competitive.
The Deutsche Börse team celebrates the award at the European Markets Choice Awards Dinner in July. From left to right: Phil Lemon, Jan Gerrit Marks, Julia Barr, Guido Wille, Adrian Dacruz, Adele Humayun, Catherine Jimenez, Rica Plas, Peter Ho-Spoida.
Furthermore, different groups of customers have different needs. Some customers require lower latency, while others require more analytical tools tailored to specific activities. Our goal is to provide the highest quality data and the best tools to help all our clients succeed in the diverse world of activities and complex financial markets.
Geopolitical uncertainty, technological disruption, and climate change are game-changing, and their effects are witnessed daily through increased volatility. How do you ensure that your infrastructure works in the markets you operate in?
Interestingly, despite the increased volatility, the participant group’s market share has remained surprisingly stable over the past few years. System performance is critical, as volatility can increase the amount of market data several times over a short period of time. That’s why we continue to invest in our core technologies and processes. Message rates that were only seen in short bursts are now observed over long periods of time. In this environment, our clients rely more than ever on high-performance, secure and reliable platforms.
Looking to the future, what can the market expect from you next year?
Data volumes are expected to continue to grow rapidly across asset classes and the entire value chain from buyer to seller. However, the signal-to-noise ratio may be reduced. To offset this trend, additional data sources, both traditional and non-traditional, must be utilized.
We also expect continued pressure to consolidate currently fragmented data offerings.
For buyers and sellers, including the growing importance of ecosystems,
Why we’re partnering with Google to develop cutting-edge data sharing and distribution capabilities for both external and internal users. The idea behind this is to connect different data domains across the Deutsche Börse Group in a secure multi-cloud environment, including on-premises for critical applications, accelerate data commercialization, Developing tools to open up to third parties. data” allows clients to combine data from different sources on one platform.
©Markets Media Europe 2023
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