Deutsche Börse and Google in Cloud Collaboration
Posted by Colin Lambert. Last updated: February 9, 2023
Deutsche Börse and Google Cloud have unveiled a strategic partnership to leverage Google Cloud’s infrastructure and data and analytics capabilities to accelerate the development of the exchange’s digital securities platform D7, innovate its digital asset market operations, and enhance its data distribution and data use cases in the cloud.
Google Cloud will become Deutsche Börse Group’s preferred partner for cloud consumption for the next 10 years and help to further enhance the group’s cloud adoption and efficiency.
Deutsche Börse’s digital securities services platform, D7, handles the end-to-end processing of digital securities linked to existing legacy environments while also providing for interoperability with new environments based on distributed-ledger technology. It will be underpinned by Google Cloud’s infrastructure and will have an intelligent data analytics layer powered by Google Cloud’s BigQuery and Analytics Hub. The exchange group says the enhanced platform will enable it to deliver new applications, products and digital securities services to its customers and the wider financial industry.
The two firms add they will also jointly invest in strong regulatory controls and built-in security features to meet regulatory requirements, as applicable, as part of a wider focus on cyber security and the need to adhere to existing regulation.
The partnership also seeks to innovate Deutsche Börse Group’s digital asset business with an institutional-grade offering, including a digital assets business platform with a cloud-native market infrastructure, combining centralised and decentralised financial infrastructure to deliver crypto spot and derivatives products. Deutsche Börse saysit aims to expand these capabilities to further asset classes over time.
Additionally, the two companies plan to jointly deploy a data mesh for several of Deutsche Börse’s data distribution and data use cases in the cloud.
“Innovation and technological advancements are at the core of Deutsche Börse Group’s DNA,” says Theodor Weimer, CEO at Deutsche Börse. “To trailblaze changing market environments and not only meet but anticipate customer demand, it is key to couple our financial services expertise with the technological prowess of a true market heavyweight. Our deep market infrastructure understanding, combined with Google Cloud’s technology expertise and scale, will drive tangible success for our business and broader financial markets.”
Thomas Kurian, CEO of Google Cloud, adds, “Exchanges sit at the epicentre of the financial ecosystem and have an increasingly important role to play to drive the future of market innovation and efficiencies. Our partnership with Deutsche Börse Group underscores the wide range of opportunities and benefits that secure and reliable cloud technology, data analytics, and AI can have for all market participants.”