Shanghai Stock Exchange To Act As Official Distributor And Licensor Of Deutsche Börse Market Data In Mainland China
A signing ceremony attended by Deutsche Börse Executive Board Member Hauke Stars and Bo Que, Vice President of Shanghai Stock Exchange, was held today in Suzhou, China to celebrate the new partnership.
“The SSE is one of the most preeminent exchange groups in Asia. By establishing this link, we can provide Chinese clients with local service as well as fast and reliable access to our most popular market data offerings,” said Hauke Stars, Executive Board Member responsible for the Information Technology and Market Data + Services division of Deutsche Börse. “We are especially pleased to kick off this alliance on the great milestone of CIIS’ 20th anniversary.”
For this cooperation, Bo Que, Vice President of Shanghai Stock Exchange Stock Exchange, said, “One of the important ways for SSE to promote internationalization is to strengthen the cooperation and communication with domestic and foreign exchanges. For this strategic cooperation with Deutsche Börse, SSE will act as domestic sales agent and technical service provider for Deutsche Börse market data. Deutsche Börse will provide corresponding services for SSE in the future. This is a concrete step towards internationalization.”
The new cooperation benefits Chinese customers by providing them with local service in their language and giving them access to key Deutsche Börse market data feeds via SSE’s data center in Shanghai. The partnership also allows Deutsche Börse to strengthen its business in China.
Under the agreement, SSE will be responsible for real-time distribution, as well as marketing and sales of key Deutsche Börse market data products in mainland China. These products provide data for the derivatives market Eurex, the securities trading platform Xetra, as well as the renowned STOXX and DAX indices.