Deutsche Börse Market Data + Services just announced that is further strengthening its partnership with BSE India (formerly known as Bombay Stock Exchange) by licensing market data products for the newly set up international exchange India INX to international clients.
LeapRate reported back in January of 2015 when the IFSC was taking shape, and it looks like things are well on their way to developing.
India INX, a wholly owned subsidiary of BSE, is located in the International Financial Service Centre (IFSC) situated in the state of Gujarat.
Hartmut Graf, Head of Data Services at Deutsche Börse said:
Clients can license all India INX data products under their existing single license agreement with Deutsche Börse. This approach meets clients’ market data needs while reducing their administrative requirements and increasing overall efficiency.
The introduction of the new data products further strengthens the long-term strategic partnership between Deutsche Börse and BSE.
In 2013 BSE markets started operating on T7, Deutsche Börse’s state-of-the-art trading architecture.
In the same year, Deutsche Börse signed a market data cooperation agreement with BSE to act as the exclusive licensor of BSE market data and information products to all international clients.
Since early 2015, Deutsche Börse, its derivatives exchange Eurex and BSE jointly offer connectivity services to certain overseas market participants via Deutsche Börse access points in Hong Kong and Singapore.