Mumbai: BSE Ltd has announced a major change in its international market data licensing framework, stating that it will directly manage the licensing of its market data products for global clients from January 1, 2027, replacing the existing arrangement under which Deutsche Börse AG handled international licensing and distribution.
The move marks the end of a partnership that has been in place since October 2013, while ensuring uninterrupted access to BSE’s market data products for customers outside India.
International Clients to Receive Data Directly from BSE
According to the exchange, all international clients will continue to receive BSE Market Data Products from January 1, 2027, without any disruption in services.
BSE and Deutsche Börse AG are jointly working to ensure a smooth migration during the transition period.
To continue receiving BSE India Information Products beyond December 31, 2026, international clients have been advised to contact BSE directly by writing to [email protected].
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No Change for Domestic Clients
The exchange clarified that the revised licensing arrangement will have no impact on clients based in India.
Domestic users will continue accessing BSE’s market data products directly from the exchange, as has been the existing practice.
Decade-Long Partnership with Deutsche Börse
In October 2013, BSE entered into a market data services agreement with Deutsche Börse AG.
Under the agreement:
- Deutsche Börse AG was responsible for the sales, marketing and licensing of BSE market data products to customers outside India.
- BSE continued to directly serve all domestic clients.
The new arrangement will bring international licensing responsibilities back under BSE’s direct management from January 2027.
Wide Range of Market Data Products
BSE offers a comprehensive suite of market information products, including:
- Real-time market data
- Tick-by-Tick (TBT) data feeds
- End-of-Day (EOD) market data
- Historical market data
- Financial information feeds
These products are widely used by global financial institutions, exchanges, data vendors, brokers and market participants.
About BSE
BSE is Asia’s oldest stock exchange and the world’s largest exchange by the number of listed companies. It has played a pivotal role in the development of India’s capital markets by providing an efficient platform for capital raising and securities trading.
Its benchmark index, Sensex, is among the most closely tracked indicators of the Indian equity market and is widely regarded as a barometer of the country’s economic performance.
Besides equity trading, BSE offers trading in debt instruments, equity and currency derivatives, interest rate derivatives, commodity derivatives, Electronic Gold Receipts (EGR), and mutual fund distribution services.
