DataBP, the data licensing and subscription management platform, announced that it has partnered with Deutsche Börse Group to implement a digital data licensing and management platform to streamline business operations and optimize the customer experience for its Market Data + Services (MD+S) business.
Deutsche Börse Group supports a global client base with market data and services through a broad and diverse network of distribution channels. The diversity and scale of Deutsche Börse’s data business is amongst the largest of global exchanges, requiring significant resources to support and maintain.
In order to make the subscription process for Deutsche Börse’s real-time market data Information Products more navigable and to make it easier for customers to understand and acquire usage licenses, Deutsche Börse has released new features within its online contract management portal called ‘MD+S interactive’ which are based on DataBP’s platform. MD+S interactive allows clients to navigate and manage their data licensing and subscriptions and enables Deutsche Börse to better manage these relationships at scale.
Sven Wohlfarth, director of Data Services Operations at Deutsche Börse, said in a statement: “The upgrade of our online contract management tool is part of our high-level strategy to ensure the availability of our data for all use cases at any time and in the most efficient way possible. Our work with DataBP has been a successful partnership. DataBP’s deep knowledge of automating the data licensing process helps us to enter a stage where clients can immediately subscribe to our Information Products using MD+S interactive. The implementation process has been seamless and is a testament to DataBP team’s flexibility and responsiveness.”
Mark Schaedel, CEO of DataBP, said in a statement: “The role and use of data in today’s capital markets has outpaced the evolution of the market data business model. We are focused on building a community of the largest providers of data to share in the cost of innovation and bring efficiencies to the industry.”