The Frankfurt certificate exchange Scoach and Ariva.de have collaborated to establish a master data database for certificates, warrants and reverse convertibles.
Both Scoach and Ariva.de will be providing third-party access to this data as of April 2009.
The new database will help users in their search for suitable certificates. The database differentiates between more than 140 product types and breaks the underlyings down in a schedule of over 150 sectors and categories.
The quality of the data is guaranteed through ongoing validation and multi-layered control mechanisms.
Potential users of the new database will primarily be providers of information terminals and bank-internal applications, online portal operators, and brokers or asset managers from Germany and abroad.
Scoach and Ariva.de have been working together since the summer of 2008 on maintenance of master data and key indicators of securitized derivatives.
Michael Jung, chief financial officer/chief operating officer of Scoach Europa (pictured), says: 'As an exchange, we focus on creating transparency for investors in the products traded via our platform. With Ariva.de we have found the ideal partner to provide the market with high-quality, accurate data. This is not a matter of course in a universe of almost 400,000 securities.'
'Having Scoach as a partner enabled us to achieve unique quality on the market for master data and key indicators in the area of certificates,' says Matthias Vogelsang-Weber, chief executive of Ariva.de. 'The cooperation also gives us the opportunity to further develop our presentation and search tools for certificates, thus also contributing to increased transparency on the market.'
Ariva.de has operated the finance portal www.ariva.de  for the past ten years; it is one of the three largest finance portals not connected to a bank. Ariva.de specialises in data maintenance for structured products and has operated the largest database for derivatives in Germany since 2001.
Scoach is a joint venture between Deutsche Börse and the Swiss SIX Group for structured product trading.