DEUTSCHE BÖRSE CREATES NEW BUSINESS SEGMENT FOR IT, MARKET DATA
(The following press release from Deutsche Boerse was received by e-mail. The sender verified the statement.)
Deutsche Börse creates new business segment for IT and Market Data “Market Data + Services” to drive further innovation and growth
Deutsche Börse today announced the formation of a new “Market Data +Services” segment that combines its Market Data & Analytics unit with its external technology and connectivity services. The Market Data + Services segment will be part of the division IT & MD+S headed by Executive Board Member Hauke Stars. The new segment is headed by Managing Director Holger Wohlenberg.
“The new Market Data + Services segment allows us to combine our strong expertise in technology and market data to better respond to client needs and offer innovative solutions,” said Executive Board Member Hauke Stars. “We look forward to expanding our product and service offerings to further benefit the global investment and trading community.”
Market Data + Services provides capital markets with essential information and value added services through the entire investment cycle. The offering comprises high quality front and back office data, innovative indices, superior exchange infrastructure and reliable connectivity services housed under five business units: Front Office Data + Services, Issuer Data + Services, Back Office Data + Services, COO Data + Services and Venue Services.
Front Office Data + Services focuses on the needs of investors, brokers, trading desks, algo traders and investment advisors who use real-time data or other market moving signals to make recommendations or transactional decisions. This unit will be led by Georg Gross.
Issuer Data + Services is responsible for the STOXX® and DAX® indices. It serves issuers who use indices as underlyings or benchmarks for financial products such as futures, options, ETFs and structured products. Hartmut Graf will be responsible for this business area.
Back Office Data + Services concentrates on middle and back offices of securities trading houses that require accurate instrument reference data for risk management, compliance activities and services related to reporting obligations. In addition, the unit serves market participants who process and safeguard securities. Sascha Rangoonwala will be in charge of Back Office Data + Services.
COO Data + Services, headed by Sean Chinnock, supports COOs and CIOs of financial market participants who require IT services in order to support or facilitate business processes.
Venue Services is geared toward market operators who are looking to enhance their business operations with state-of-the-art, reliable infrastructure and associated services such as trading surveillance. This department will be led by Alexander Höptner.
“Our customers demand the highest standards in technology and market data offerings. By housing these five key areas under one division, we adopt a more targeted approach to delivering top quality and reliable data and information services that address specific user needs,” said Holger Wohlenberg, Managing Director, Market Data + Services, Deutsche Börse.
STOXX and DAX are registered trademarks.