News & Insights

Deutsche Börse Group partners with DataBP to digitize market data licensing

LONDON, FRANKFURT, April 27, 2022 – DataBP, the data licensing and subscription management platform, today announced that it has partnered with Deutsche Börse Group to implement a digital data licensing and management platform to streamline business operations and optimize the customer experience for its Market Data + Services (MD+S) business.

Deutsche Börse Group supports a global client base with market data and services through a broad and diverse network of distribution channels. The diversity and scale of Deutsche Börse’s data business is amongst the largest of global exchanges, requiring significant resources to support and maintain. DataBP’s platform provides Deutsche Börse with the opportunity to take systems and processes to the next level of digitalization and enhance the customer experience.

In order to make the subscription process for Deutsche Börse’s real-time market data Information Products more navigable and to make it easier for customers to understand and acquire usage licenses, Deutsche Börse has released new features within its online contract management portal called ‘MD+S interactive’ which are based on DataBP’s platform. MD+S interactive allows clients to navigate and manage their data licensing and subscriptions and enables Deutsche Börse to better manage these relationships at scale.

Dr. Sven Wohlfarth, Director of Data Services Operations at DBAG said: “The upgrade of our online contract management tool is part of our high-level strategy to ensure the availability of our data for all use cases at any time and in the most efficient way possible. Our work with DataBP has been a successful partnership. DataBP’s deep knowledge of automating the data licensing process helps us to enter a stage where clients can immediately subscribe to our Information Products using MD+S interactive. The implementation process has been seamless and is a testament to DataBP team’s flexibility and responsiveness.” 

Mark Schaedel, CEO of DataBP, commented: “We are thrilled to add Deutsche Börse to our community of global exchanges that are modernizing the market data business model. Our platform is designed to support the rapid onboarding of clients and launch of new products by streamlining conventional business processes. Partnering with Deutsche Börse brings the opportunity for significant impact in terms of introducing innovation and affecting change in the industry. The role and use of data in today’s capital markets has outpaced the evolution of the market data business model. We are focused on building a community of the largest providers of data to share in the cost of innovation and bring efficiencies to the industry.”

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DataBP expands data services business with MarketAxess

PRESS RELEASE: London, New York, 30 March 2022:  DataBP, the data licensing and commercial management platform, today announced that MarketAxess, the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, is leveraging DataBP’s services to support and automate data licensing and post-sales processes. 

As data consumption methods in financial services have rapidly evolved, the opportunity to provide a broader range of services to customers, and manage an increasingly diverse community of data subscribers and redistributors, requires an increasingly sophisticated level of scale and automation. 

DataBP’s data licensing platform, which has been adopted by the majority of tier 1 securities exchanges and a growing number of index providers and data vendors, simplifies and automates the manual business processes supporting ongoing administrative workflows. 

MarketAxess is leveraging DataBP’s powerful pricing engine and seamless integration with Salesforce to better meet the business intelligence needs of its institutional fixed income trading clients, while at the same time increasing efficiency and reducing risk.

Ryan Gwin, Head of Data Sales, MarketAxess, added: “DataBP’s platform provides MarketAxess the opportunity to optimize the customer experience as we develop our data services business and offer new products. Having the tools to automate market data sales administration means that we can focus on the higher value activities involved with servicing clients and developing cutting edge products.”

Mark Schaedel, CEO of DataBP, commented: “We are thrilled to partner with MarketAxess who, in many ways, are doing to credit markets what we are doing in the market data space – introducing innovation and technology to support a necessary transition from analog to digital. As credit markets become more automated and data-driven, streamlining the workflows supporting the provision and licensing of data are a critical enabler for innovation. DataBP is focused completely on enabling providers of data to rapidly introduce new products, onboard customers and manage data licensing and subscription relations at scale. ”

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DataBP appoints Stephen Wolff as Strategy Advisor

Stephen Wolff joins DataBP as Strategic Advisor and NED

PRESS RELEASE: London, New York – Tuesday, 15th February, 2022: DataBP, the data licensing and commercial management platform, today announced the appointment of Stephen Wolff as Strategy Advisor and Non-executive Director in a push to grow the business on a global basis.

Stephen will advise on corporate development & strategy, taking advantage of his notable experience in corporate strategy and M&A. Founded in 2013, DataBP’s platform has now been implemented by 15 global financial institutions including The CME Group, Australia’s ASX, Canada’s TMX Group, Singapore’s SGX, and many other global exchange groups, index providers, and data vendors.

Stephen is a board member and/or advisor to a number of leading software and fintech organisations including ClearCourse Group, an integrated software and payments company backed by Aquiline Capital Partners, as well as, TransFICC, OTCX Trading and Adoptech. He previously led corporate strategy at IHSMarkit and was a member of the group executive committee. Prior to this, Stephen was head of strategic investments for Deutsche Bank and has sat on the boards of numerous financial technology companies in capital markets including R3, Tradeweb and Markit.

Mark Schaedel, CEO, DataBP, said: “Stephen brings a wealth of senior leadership experience and relationships. DataBP has been quite successful since its start in 2013, and as we look at the future growth opportunities in the market, I can think of no one better to have in our corner.”

Stephen Wolff, Senior Advisor to DataBP said: “I am delighted to join DataBP who are well-positioned at an exciting time in the data-driven transformation of capital markets. Data commercialisation, which is DataBP’s focus, is an area that seems particularly in need of innovation.”

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DataBP appoints Mark Schaedel to the position of CEO 

DataBP prepares for next stage of growth

PRESS RELEASE: London 20 January 2022: DataBP, the data licensing and commercial management platform, today announced the appointment of Mark Schaedel as CEO in a push to prepare for the next stage of growth.

Against a backdrop of rapidly evolving data consumption methods and demand for data and subscription services, DataBP has built a comprehensive platform designed specifically for data commercialization. The platform reduces the burdens of managing data licensing relationships and subscription services at scale while enabling rapid deployment of new products and services. Founded in 2013, DataBP has now been implemented by 15 global financial institutions including The CME Group, Australia’s ASX, Canada’s TMX Group, Singapore’s SGX, and many other global exchange groups, index providers, and data vendors.

Brandon Baker, Co-Founding Partner at DataBP, said: “Mark has been acting as a strategic advisor for the last year or so and brings a unique combination of capital markets experience and market data expertise, as well as the skills and relationships to help take us to the next level in our growth strategy. We are proud of the client partnerships we have developed over the years and we owe it to them to remain laser-focused on their experience and execute on our roadmap. Mark’s assumption of the CEO responsibilities will allow us to continue this focus while benefiting from Mark’s vision and relationships across the industry.”

Mark Bird, Co-Founding Partner at DataBP, said: “We like to say that we are reinventing market data because of our focus on reimagining how business process workflows can be better designed and improved with modern technology. Continuing our growth trajectory requires that we also reinvent ourselves and constantly improve how we are designed to execute on the commitments we have made to our clients. Many of us at DataBP have worked with Mark over the years and couldn’t be more excited about the opportunities still in front of us and having Mark on board to help us navigate them.”

Mark Schaedel, CEO, DataBP, concluded: “As capital markets have largely evolved into a data-driven ecosystem, the potential for innovation in how data is commercially managed continues to grow. DataBP has been extremely successful building a great product, attracting world class clients and a talented team. I am thrilled by the opportunity to join the team and lead the next chapter of our growth strategy.”

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SGX partners with DataBP to launch SGX Data Direct

DataBP provides a comprehensive platform to facilitate a streamlined market data administration process

PRESS RELEASE: London, Singapore, 5 November 2021:
DataBP, the market data administration platform and service provider for exchanges, index and data providers, today announced its partnership with Singapore Exchange (SGX). SGX joins a community of exchanges that are leveraging DataBP’s platform and managed services to modernize and streamline the administration of market data.

Tapping on DataBP’s platform and market data commercial expertise, SGX has rolled out SGX Data Direct, an SGX-branded online portal for data licensing and usage reporting powered by DataBP, marking it the first exchange in Asia to offer such a service as a direct channel for data client engagement.

As capital markets continue to evolve and become more data-driven, the scale and complexity of data relationships are constrained due to the limitations and inefficiencies of the underlying traditional business processes. The partnership of DataBP and SGX provides the opportunity to streamline and improve the SGX data client experience. DataBP’s platform supports the rapid introduction of new products and the scalability to support the diversification of subscribers and vendor relationships.

Joyce Tan, Head of Market Data Development & Delivery at SGX, said: “Our partnership with DataBP and the inception of SGX Data Direct offers a direct online channel of engagement with our end-clients. It is developed to be a one-stop for SGX market data-related matters with customised functionalities to facilitate online data licensing, usage reporting and inventory checking process, accessible 24/7. The implementation of SGX Data Direct reiterates our continuous focus on customers and our desire to better understand the needs of the end users of our market data.”

Brandon Baker, Co-Founder at DataBP, said: “We are thrilled to partner with SGX and welcome them to our community of global exchanges that are leading the transformation of how market data is managed. Our team’s unique combination of exchange market data experience combined with our cloud-native software services capabilities has put us in high demand as exchanges continue to invest in their information businesses.”

Ari Smukler, Head of Implementation and APAC at DataBP, said: “The SGX partnership is a huge milestone for us as we execute on our APAC expansion strategy. We are building out our team here in APAC and expanding our AWS infrastructure footprint to support further growth in the region.”

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