Frankfurt am Main, Germany, 7-8-2014 — /EuropaWire/ — Deutsche Börse Market Data + Services and the Philippine Stock Exchange, Inc. (PSE) have signed a memorandum of understanding (MoU) to establish a market data cooperation between the two exchanges.
Some key areas on which the exchanges would like to collaborate include the licensing of current market data offerings, increasing distribution channels for real-time data, and new product design and innovation. Deutsche Börse and Philippine Stock Exchange would explore these options under the MoU and expect to develop a concrete plan by the end of Q3 2014.
“As the operator of one of the longest running and established stock markets in Southeast Asia, the Philippine Stock Exchange makes for an interesting market data partner. By aligning our efforts, we can identify new growth areas and efficiencies that benefit both exchanges’ market data offerings and services. We look forward to working closely with PSE in the future,” said Hauke Stars, Executive Board Member responsible for the Information Technology and Market Data + Services division of Deutsche Börse.
“The keen interest of investors in the Philippine stock market has created greater demand for more extensive market data. We are excited about this partnership as the Exchange continues to look for ways to further improve its market data segment both as a service and as a revenue stream,” PSE President and CEO Hans B. Sicat said.
The new relationship with PSE is the latest in a series of market data partnerships between Deutsche Börse and exchanges in the Asia region over the last year. In April 2014, Deutsche Börse and Shanghai Stock Exchange (SSE) announced a partnership under which SSE assumed responsibility for the real-time distribution, marketing and sales of key Deutsche Börse market data products in mainland China. In October 2013, Deutsche Börse became the exclusive licensor of Bombay Stock Exchange’s market data and information products to all international clients.
About Deutsche Börse – Market Data + Services
Deutsche Börse is one of the world’s leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. Deutsche Börse Market Data + Services encompasses the Group’s extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group’s trading venues Eurex and Xetra as well as from cooperation partners.It also includes exclusive trading signals independent of its platforms such as economic indicators or macroeconomic news, reference data for more than 1,000,000 securities, approximately 10,500 indices including the STOXX and DAX index families, superior capital market infrastructure, and reliable connectivity services.
About the Philippine Stock Exchange
The Philippine Stock Exchange is the only stock exchange in the Philippines and is one of the fastest growing markets in the region. The PSE was named the Best Stock Exchange in Southeast Asia for 2013 by the Marquee Awards given by institutional investment magazine Alpha Southeast Asia. In December 2003, the PSE listed its shares by way of introduction to become the second exchange in Southeast Asia to become a publicly listed exchange. At present, securities traded at the PSE include shares of 260 listed companies, exchange traded funds and warrants.
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