Deutsche Börse releases A7 analytics platform

Maria Nikolova

The new analytics platform offers direct access to high-quality market data from Eurex and Xetra, via the cloud.

Deutsche Börse has launched online analytics platform A7, which offers access to both Eurex and Xetra order-by-order historical market data in nanosecond granularity within an easy-to-use environment, providing insights into market situations and microstructures. Direct access to advanced analytics based on Deutsche Börse’s comprehensive market data supports clients in maximizing trading efficiency and alpha generation, and developing and testing execution algorithms, among other use cases.

A7 covers all Xetra and Eurex traded instruments, and the full content is available historically and updated daily for the previous trading day. A7 is a new member of Deutsche Börse’s 7 Market Technology. The 7 Market Technology series supports Deutsche Börse Group’s integrated business model and underscores its strategic IT objective to build and operate premium, innovative infrastructures.

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.

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