Deutsche Börse and Chinese data provider Wind, have teamed up to offer Chinese investors a gateway to the European market, Deutsche Boerse announced today.
Driven by market demand, this initiative gives easier access to European markets for domestic institutional investors based on market data and services offered by Deutsche Börse and its derivatives Exchange Eurex.
Deutsche Börse’s recently signed Memorandum of Understanding (MoU) establishes a connection between its wide-ranging data and services portfolio and Wind’s network.
The collaboration strongly supported by Deutsche Börse Executive Board Member and Eurex CEO Thomas Book.
“We look forward to leveraging Wind’s professional distribution network to bring our Deutsche Börse and Eurex offerings closer to China-based investors,” Book said.
“This partnership is a great contribution to our Asia strategy: having been active in the Asian markets for more than 12 years now, Deutsche Börse and Eurex have constantly been extending its investor network in the region,” he added.
On 27 May, Eurex Executive Board Member Michael Peters and further representatives from both Wind and Deutsche Börse met virtually to officially kick off the cooperation.
Besides providing comprehensive market data and related services, the partnership also aims to explore further opportunities for collaboration. This includes joint trainings and educational measures to keep investors up to date, according to Deutsche Boerse.
Li Zhou, Vice President of Wind, said that as the first financial information company in China to sign a comprehensive strategic cooperation with Deutsche Börse, Wind will cooperate on market data, news and information, research reports, ESG and investor education as well as other fields based on the advantageous resources of both sides.
Enhanced recognition of the European capital market in China
“This cooperation will bring more comprehensive data, higher added value and better services to our clients. In the future, we will jointly carry out various online and offline communication activities and conferences in various fields to enhance the recognition of Deutsche Börse and the whole European capital market in China,” Zhou noted.
Deutsche Börse stated that China is a very important market for them. The international exchange organization and market infrastructure provider has already established partnerships with several Chinese exchanges, among them Shanghai Stock Exchange (SSE) and China Financial Futures Exchanges (CFFEX) as well as several institutions such as the China Futures Association (CFA) and the Asset Management Association of China (AMAC).
In December 2018, the derivatives exchange Eurex extended its trading hours for selected liquid futures to cover the Asian time zone and serve the increasing demand from Asia. Eurex has also received fully-fledged clearing licenses in Singapore and Japan and is applying to offer clearing services in Hong Kong.
