Deutsche Börse Teams Up with Chile’s Santiago Exchange on Market Data

Deutsche Börse, a Germany-based exchange organization, has entered a market data partnership with Chile’s Santiago Exchange, the third-largest exchange in Latin America.

Under the collaboration, the German exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term said it will provide access to a full range of Santiago Exchange’s market data products on its platform.

Additionally, the market data partnership covers both the Santiago Exchange Indices and the Santiago Exchange Spot Market, Deutsche Börse announced in a statement on Wednesday.

The German exchange added that it will offer real-time and delayed data to Santiago Exchange in its role as the licensor.

According to Alireza Dorfard, the Head of Market Data + Services at Deutsche Börse, the new deal is the German exchange’s second with a Latin American stock exchange.

Deutsche Börse said it concluded a similar deal with Bolsa Mexicana (or the Mexican Stock Exchange) in April.

“Access to Santiago Exchange market data offers new alternatives for our clients seeking to participate in one of the fastest growing economies in South America,” Dorfard said.

José Antonio Martínez, the CEO of the Santiago Stock Exchange, explained that the partnership will enable the Chilean stock exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term to "expand and facilitate access to the Chilean stock market's information services through an alliance with a global entity, reaching new clients and regions."

Partnerships and Acquisitions in 2022

Earlier this month, Deutsche Börse entered a strategic partnership with Forge Global Holdings, a prominent private securities marketplace.

The goal was to further the growth of Forge’s global private market platform in Europe.

“As Europe’s population of high-growth technology companies continues to grow rapidly, creating an efficient and trusted private marketplace that can meet the needs of those companies and investors across a complex regulatory landscape is a challenge Forge is uniquely positioned to solve,” explained Kelly Rodriques, the CEO of Forge.

In June, Deutsche Börse signed a cooperation deal with Kaiko, a crypto market data provider, to meet the high demand for cryptocurrency market data from its clients.

Through the partnership, the German exchange plans to offer real-time and historical tick-level data for all crypto exchanges and digital assets covered by Kaiko.

On the contrary, in April, Deutsche Börse Group’s Clearstream sold its 50% stake in REGIS-TR, which is a European trade repository with a portfolio of over 2,000 European clients across more than 40 countries.

However, earlier in March, the German exchange confirmed its decision to acquire Luxembourg-based fund data specialist, Kneip Communication S.A., as part of its move into the data services industry.