Real-time FX pricing data from Deutsche Börse’s FX trading venue, 360T, will be rolled out to participants as part of plans to expand its data offering.
The exchange operator’s expanded data includes data from 360T’s swaps data feed (SDF) and streaming FX spot pricing from the FX venue’s essential data feed (EDF) through its CEF data feed. Deutsche Börse said it will act as the licensor for the data.
SDF provides data from overnight to five years in more than 40 currency pairs, specialising in broken date tenors. It also includes real-time swaps market data in 1,800 crosses in G10 currencies, local markets and non-deliverable forward currency pairs.
The data feed aims to bring transparency to the FX swaps market allowing buy-side traders to achieve best execution and sell-side firms to price trade outside of their core currencies more effectively.
“The Swaps Data Feed has been a true innovation in the FX market over the last few years,” said Simon Jones, chief growth officer at 360T. “Our partnership with the banks has resulted in an outstanding product with a multitude of industry use cases. To now have this available through Deutsche Börse’s CEF data feed raises its accessibility to the next level.”
Similarly, EDF offers data on the spot FX market, including calculated mid and bid-ask spreads sourced from 360T’s global trading platform. The real-time access to pricing data also aims to improve market transparency and inform trading decisions.
The development expands Deutsche Börse’s CEF core market data feed, which supplies banks, fund managers, hedge funds, data vendors and others with quotes, indices and analytics across its Eurex and Xetra trading venues. In June, Deutsche Börse also added historical FX data from 360T to its historical data feed (HDF).
“With this extended FX market data offering, we close a gap in the market for reliable and independent pricing data,” added Alireza Dorfard, head of data services at Deutsche Börse. “Clients will benefit from access to the new offering under a single license agreement and from availability via Deutsche Börse’s CEF data feed.”