Deutsche Börse launches intraday market data on A7 platform

Rick Steves

A7 supports clients in maximizing trading efficiency and alpha generation, and developing and testing execution algorithms, among other use cases.

Deutsche Börse has launched market data on an intraday basis on its online analytics platform A7, a cloud-based platform offering granular order-by-order market data from Eurex and Xetra.

The offering provides more flexibility to market participants that can use intraday data to react much faster to market developments and optimize their trading strategies accordingly.

Alireza Dorfard, Head of Data Services at Deutsche Börse, said: “Since the launch of our A7 analytics platform last year, we have been continuously working with our clients to understand their needs and support them in the best possible way. The launch of intraday data on the platform is an important milestone in this process and underlines A7’s scalable functionalities.”

Deutsche Börse’s online analytics platform A7 was launched in July 2020 to provide nanosecond-precise market data in an easy-to-use environment.

A7 supports clients in maximizing trading efficiency and alpha generation, and developing and testing execution algorithms, among other use cases.

A7 has several key unique features: usage of un-normalized order-by-order market data in nanoseconds and granularity for all traded instruments on Eurex and Xetra. These premium market data feeds are only available at co-location, which requires significant client investment. A7 already includes historical data from these premium market data feeds, as well as an algo workbench to develop and back test execution algorithms, including cross-product and even cross-market strategies.

The platform also provides easy access to market data via state of the art interfaces. The customer can decide which tool he chooses – from C++ to even MS Excel – to integrate market data.

A7 is unique thanks to the technology stack: the core system has been built from scratch using C++ to be able to manage large amounts of data – something which can create performance issues for common ‘off-the-shelf’ data analysis tools.

The platform has an easy to use web-based front-end that suits the needs of different client groups. In addition, all functionalities and all market and derived data on the platform can be accessed via the REST API. This protocol is generally accepted and widely used. Regarding the customer algos – one of the core elements of the system – the customer has to be familiar with the C++ programming language.

Deutsche Börse Group has recently made the headlines for acquiring a majority stake in Crypto Finance AG, an independent financial group under consolidated FINMA supervision.

Deutsche Börse will hold a two-thirds majority in the 2017 founded fintech for an investment in a “moderate three-digit CHF million range”.

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