The Philippines Stock Exchange has signed a memorandum of understanding to explore market data cooperation with Deutsche Börse.
The pair will examine the licensing of current market data offerings, increasing distribution channels for real-time data, and new product design and innovation. A detailed plan will be ready by the end of Q3 2014.
Deutsche Borse’s executive management said at the beginning of this year that they believed Asia was the region that offered best opportunities for their business development. The European firm has announced partnerships for market data and their information products in India and China during the last year.