Deutsche Brse will be offering reference data under the brand name of PROPRIS from the first quarter of 2005.
The new product range includes reference data on new issues and corporate actions, and is intended for information vendors, who will redistribute it to the back office areas of banks and other financial institutions, which will have access to reference data originating directly from the settlement and custody systems of Deutsche Brse Group.
“Our customers will benefit from high-quality data, which will allow them to both reduce erroneous transactions that result from inconsistencies in the settlement process, and to structure clearing and settlement more efficiently”, says Holger Wohlenberg, Managing Director of Information Services at Deutsche Brse. “This means that, in the future, Deutsche Brse will be offering capital market information for the entire securities trading value chain – from trading data, regulatory information, through to reference data.”
The product will be introduced in two stages: From February, Deutsche Brse will supply information providers with reference data on German securities, on a daily basis, via a so-called “File Transfer Protocol” (FTP). The second stage involves expanding the data provision to include Luxembourg securities as well as international bonds.