Deutsche Börse now offers CEF ultra+, a data feed that supplies pre-trade and trade information on the international derivatives exchange Eurex. Clients stand to benefit from lower latency and greater data depth, says the firm. The feed can be used by clients to select data packages in a targeted manner.
CEF ultra+ supplies the ten best buy- and sell-offers for futures. Previously, Deutsche Börse supplied the trading prices and the best buy- and sell-offer for options only. The firm says that the flexible configuration option for CEF ultra+ enables it to react to changing market conditions in a timely manner.
CEF ultra+ was launched at the same time as an enhanced broadcast solution in the Eurex system, which enables Eurex participants to now obtain unnetted Eurex market data. CEF ultra+ also contains a ‘trade recovery’ feed, which the firm says is indispensable for information providers.
“The increasing automatisation of derivatives trading means that financial institutions need more detailed and faster trading data,” says Georg Gross, head of front office data and analytics, Deutsche Börse. “We meet these needs with the new enhanced broadcast solution as well as with the CEF ultra+ data feed for non Eurex-members,” he continues.
CEF ultra+ uses a protocol based on the FIX 5.0 industry standard, which can be used by clients to develop their own applications. Moreover, CEF ultra+ requires no special hardware, meaning that it can be integrated into existing IT infrastructures.