SGX taps DataBP for data commercialization platform

SGX has rolled out SGX Data Direct, an SGX-branded online portal for data licensing and usage reporting powered by DataBP, which is a market data commercialization platform for exchanges, index and data providers. SGX will be the first exchange in Asia to offer such a service as a direct channel for client engagement.

As capital markets continue to evolve and become more data-driven, the scale and complexity of data relationships are constrained due to the limitations and inefficiencies of the underlying traditional business processes. The partnership of DataBP and SGX provides the opportunity to streamline and improve the SGX data client experience. DataBP’s platform supports the rapid introduction of new products and the scalability to support the diversification of subscribers and vendor relationships.

Joyce Tan, head of Market Data Development & Delivery at SGX, said in a statement: “Our partnership with DataBP and the inception of SGX Data Direct offers a direct online channel of engagement with our end-clients. It is developed to be a one-stop for SGX market data-related matters with customized functionalities to facilitate online data licensing, usage reporting and inventory checking process, accessible 24/7.”

Ari Smukler, head of Implementation and APAC at DataBP, said: “The SGX partnership is a huge milestone for us as we execute on our APAC expansion strategy. We are building out our team here in APAC and expanding our AWS [Amazon Web Services] infrastructure footprint to support further growth in the region.”

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