Deutsche Börse Market Data and Analytics, the information services division of German exchange group Deutsche Börse, has launched CEF ultra+ Xetra, a new multicast data feed for the Xetra electronic order book.
CEF ultra+ Xetra provides the full un-netted range of Xetra pre- and post-trade information in real time. It also displays the 20 best bids and offers in the DAX, MDAX, SDAX and TecDAX indices, doubling the depth of order book data. Only the 10 best bids and offers were available previously.
Deutsche Börse claims the new feed will allow market participants such as banks, proprietary trading firms and hedge funds to benefit from a greater depth of market data disseminated at a lower latency.
“Faster and more detailed trading data is a clear competitive edge for participants in financial markets,” said Georg Gross, head of front office data and analytics at Deutsche Börse. “Granular and extremely fast relevant data are crucial for successful trading, especially in the automatic trading. New standards are being set with the CEF ultra+ Xetra data feed.”
CEF ultra+ Xetra uses the FIX 5.0 messaging standard and includes dynamic FAST data compression. The exchange said no special hardware is required to take advantage of the feed.
The faster data feed follows the introduction of Xetra 10.0, a new version of the electronic trading system underpinning the Xetra order book, on 8 June.