About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Deutsche Börse Plans Propris Reference Data Product Launch

Subscribe to our newsletter

Deutsche Börse is gearing up to launch a new reference data product from its recently formed Back Office Services division. The new Propris – Process Proven Information Services – range of data services will provide reference data for financial events and new issues in the German, Luxembourg and the Eurobond market.

On target for a Q1 launch in 2005, Propris marks the first packaging of reference data sourced from securities settlement house Clearstream, owned by Deutsche Börse. Deutsche Börse declines to comment on whether this is part of a wider reference data strategy that might contain a series of products to come.

Propris provides corporate events data covering ISIN-based instruments. The product suite is made up of six modules covering both new issues and financial events for three different data sets: Germany, Luxembourg, Eurobonds. (See Table 1, below, for a breakdown of the message rate per month by module).

Deutsche Börse’s total universe of instrument coverage is 90,000 ISIN-based securities in the German market, 19,000 in the Luxembourg market, and 75,000 in the Eurobond market.

Propris, which is patent protected, will be made available via vendors rather than directly to users. The major reference data vendors tested their interfaces to the data earlier in the year and there are plans for further testing possibly in January.

The exchange has not yet defined the pricing policy for the product suite.

Packaged Clearstream data

Markus Reutzel, a manager within Deutsche Börse’s Back Office Services division, says, “Data owned by Clearstream has been stored across different systems, and this marks the first time we have packaged the data into useable products. Our motivation is to support clients with clean sets of data to help reduce STP failures.”

He continues, “The product is named Process Proven as the data is sourced from Clearstream, where it has already undergone cleansing, approval and checks to ensure the quality.”

The Back Office Services unit was formed in June of this year and is part of Deutsche Börse’s Information Services division now headed by Dr. Holger Wohlenberg, who has replaced Christoph Lammersdorf.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: An update on data standards and global identifiers

Data standards and global identifiers have been parts of capital markets’ practices for many years, and more are being developed, reviewed and shaped as the industry acknowledges their role in streamlining data management, reducing risk, improving transparency, and achieving compliance. This webinar will discuss data standards and identifiers in play, as well as those in...

BLOG

TRG Screen Acquires Xpansion to Strengthen Reference Data Usage Management Capability

TRG Screen, a provider of enterprise subscription spend and usage management software, has increased its commitment to reference data management with the acquisition of Xpansion, a TRG Screen partner and vendor of cloud-based solutions for reference data usage monitoring in the financial services industry. The acquisition follows investment by Vista Equity Partners in TRG Screen...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...