The Trade Desk today secured integrations with three major German supply-side platforms for its Price Discovery and Provisioning API, marking the demand-side platform's first deployment of automated deal management infrastructure in the German market. Ströer, Virtual Minds, and YOC announced February 6, 2026, they have implemented the PDP API, enabling advertisers to configure and verify programmatic deals directly within The Trade Desk platform rather than through manual coordination between sales and technical teams.
According to Jan Vorndamm, Senior Director of Inventory Partnerships at The Trade Desk, the API replaces fragmented manual processes with standardized technological infrastructure. The integration allows all parties to access complete transparency into deal parameters including budget allocation, pacing schedules, permissions, and brand safety requirements. "Efficiency and scalability are the fundamental pillars of a modern programmatic market," Vorndamm stated in the announcement.
The technical implementation addresses persistent inefficiencies that have prevented programmatic deals from reaching their full potential. Complex technical coordination requirements, scaling difficulties, and frequent discrepancies regarding budget questions, brand safety specifications, and delivery criteria have historically limited deal effectiveness. The PDP API enables structured data capture from the outset, making central deal parameters completely traceable for all parties throughout the transaction lifecycle.
Private marketplace transactions have suffered from operational friction despite representing substantial portions of programmatic spending. According to The Trade Desk's Deal Desk announcement in June 2025, 90% of deal IDs fail to scale effectively due to limited visibility into performance metrics and delivery schedules. Publishers and advertisers have lacked the infrastructure necessary to configure deals with precision and monitor execution in real time.
The PDP API integration enables Ströer, Virtual Minds through its Yieldlab platform, and YOC to reduce operational friction that has characterized private marketplace implementations. Faster response to delivery discrepancies becomes possible through enhanced transparency in error diagnosis. Buyers gain planning certainty through clear, verifiable parameters, while publishers no longer must rely on informal exchanges or fragmented information to manage agreed inventory based on verified parameters.
Christoph Herick, Vice President Programmatic Demand at Ströer, emphasized how the company's proprietary SSP integrates seamlessly with the PDP API. The combination reduces coordination overhead, creates transparency, and simplifies access to Ströer's multichannel premium inventory across digital out-of-home, video/connected television, and display formats. This enables faster and more informed client consultation, according to Herick's statement.
Virtual Minds positioned the integration as continuation of its course toward greater efficiency and transparency in programmatic trading. Nicole Mortier, SVP Account Management & Platform Solutions at Virtual Minds, stated that deal parameters can now be configured directly in the platform and monitored transparently throughout the entire delivery process. This approach noticeably reduces operational friction and creates more planning certainty for all parties involved. Virtual Minds highlighted becoming among the first European SSPs to implement this connection as an important step toward scalable, standardized processes.
YOC's integration reflects the centrality of collaboration among relevant players in the digital advertising market for driving innovation. Jan Gräwen, Chief Commercial Officer at YOC, stated that the PDP API integration into the VIS.X platform demonstrates how cooperation between major market participants can ensure sustainable success for the industry and advertising clients, particularly during challenging times.
The price discovery concept underlying these technical implementations addresses fundamental questions about how advertising value is determined in programmatic environments. According to Andrew Eifler, Product Leader at The Trade Desk who published analysis on October 14, 2025, price discovery represents the mechanism by which each impression finds its own fair value. Buyers and sellers determine actual worth through transparency, accurate descriptions, and open auctions based on context, visibility, engagement, and outcomes.
Eifler's analysis traced the evolution from gross rating points, which assumed all ad impressions held equal value, to modern price discovery systems that enable market-based valuation. The impact of different advertising placements varies substantially - a billboard in Times Square differs from one at the Holland Tunnel, just as a 15-second television commercial at 2am differs from a 30-second spot at 1pm. Digital environments compound these variations through factors including viewability, placement quality, and audience engagement.
When prices remain opaque or disconnected from quality, good impressions become lumped with poor ones according to Eifler's framework. Incentives shift away from quality toward volume and obfuscation rather than impact. This dynamic has created persistent problems for the open internet. Price discovery mechanisms address these issues by enabling buyers using advanced demand-side platforms to value each impression at exactly what it represents to them, moving from lowest common denominator pricing to efficient and accurate valuation.
The Trade Desk has systematically expanded supply chain optimization infrastructure throughout 2025 designed to increase transparency and reduce programmatic inefficiencies. OpenPath, which provides direct connections between The Trade Desk and inventory sources, grew by many hundreds of percentage points during 2025 according to CEO Jeff Green. Publishers implementing OpenPath reported substantial performance improvements, with Hearst Newspapers achieving a 4x improvement in fill rates and 23% revenue increase.
The Trade Desk launched OpenAds in October 2025, addressing what Green characterized as deteriorating auction integrity among some supply-side platforms. The open-source auction platform launched with commitments from more than 20 publishers, incorporating transaction IDs and verification signatures designed to reduce duplication and detect obfuscation. Nine prominent publishers including AccuWeather, BuzzFeed, the Guardian, and Hearst committed to OpenAds in January 2026.
The PDP API represents another component in The Trade Desk's broader infrastructure strategy. The API enables what Will Doherty, The Trade Desk's SVP of Inventory Development, described as direct, high-integrity alternatives to existing programmatic auction environments where transparency concerns have persisted. The platform aims to provide publishers with tools to compete on content quality rather than yield optimization mechanics or auction manipulation strategies.
Industry analysis has highlighted how deal management inefficiencies affect programmatic effectiveness. The IAB Tech Lab released its Deals API specification for public comment in December 2025, addressing operational inefficiencies and transparency gaps in programmatic deal management. Media buyers typically manage 17 systems, five supply-side platforms, three demand-side platforms, and numerous deal flows according to Hillary Slattery, Senior Director of Programmatic Product Management at IAB Tech Lab. Each SSP names deals differently with unique notations requiring what Slattery described as telepathic decoding.
The standardized specification provides common language for deals instead of what Slattery characterized as a "Tower of Babel across your eleventy billion stacks." One set of fields allows everyone to read deal parameters consistently. Manual entry of deal information across systems creates errors, delays, and inconsistencies that the standardization efforts aim to eliminate. The framework describes what selling system deals include at high levels and identifies which parties were involved in curating and selling packages.
Supply-side platforms maintain strategic advantages in curation services due to direct publisher relationships and inventory access. SSPs can pre-qualify inventory and consolidate targeting parameters under single deal IDs, streamlining programmatic buying while preserving data integrity. However, curated deals have lacked visibility into which parties performed packaging, what fees apply, and whether inventory or data may change. The specification's structured fields for curator domains and fee types provide missing context that has characterized information asymmetry in programmatic relationships.
The German market implementation follows established patterns in other regions where programmatic guaranteed capabilities and deal infrastructure have expanded. Programmatic guaranteed represents one of several automated buying methods available in digital advertising. Unlike open auctions where multiple advertisers compete through real-time bidding, programmatic guaranteed involves predetermined agreements between buyers and sellers. Inventory allocation and pricing are established before campaigns launch, while transaction processing and campaign management utilize programmatic technology infrastructure.
Best Buy's partnership with Magnite announced in September 2025 demonstrated how deal ID structures enable advertisers to access specific audience segments or inventory types while maintaining campaign control. Rather than open marketplace bidding, curated deals provide guaranteed access to defined inventory pools with predetermined pricing or bidding parameters. The approach addresses specific advertiser requirements that real-time bidding cannot fully satisfy.
The transparency emphasis in deal management reflects broader industry concerns about programmatic supply chain efficiency. According to the Association of National Advertisers' Programmatic Media Supply Chain Transparency Study published in December 2023, only 36% of post-transaction programmatic budgets reach valid, viewable, measurable impressions. The remaining value disappears through various intermediary fees, invalid traffic, and measurement gaps that have plagued programmatic advertising's value proposition.
Microsoft's decision to sunset its Xandr demand-side platform by February 28, 2026 removed one of the industry's most transparent platforms from the market. AppNexus, which became part of Microsoft through the 2022 Xandr acquisition, was recognized for providing advertisers with unprecedented visibility into fee structures and money flows throughout advertising supply chains. Brian O'Kelley, co-founder and former CEO of AppNexus, positioned the company as a transparency champion, revealing that AppNexus charged an average of just 8.5% to sellers on its platform.
The platform's commitment to transparency extended beyond fee structures. AppNexus reworked publisher contracts in December 2018 to enable fee transparency for buyers, allowing advertisers to see exactly what fees were being charged at each step of the programmatic supply chain. This level of visibility remains uncommon in the industry. Microsoft's strategic shift toward AI-driven, conversational advertising solutions eliminated one of the few platforms providing comprehensive supply chain visibility.
Index Exchange introduced Transparent Dynamic Take Rates in October 2025, attempting to address inefficiencies in programmatic auctions while maintaining transparency for publishers. The pricing model adjusts per-impression rates to prioritize publisher revenue over platform profit margins. Publisher floor prices remain respected across all transactions, with the highest bid always winning to ensure each impression represents maximum available value across all demand sources.
The shift to first-price auctions, intended to simplify programmatic advertising and increase transparency, introduced new complications including volatile bid prices and wider spreads between highest and lowest bids for identical impressions. Some platforms responded by adjusting take rates to capture spread between buyer payments and publisher earnings. This approach, while potentially profitable for platforms, often came at publishers' expense as they tried to maximize inventory value.
The Trade Desk reported $739 million in third quarter 2025 revenue on November 6, 2025, surpassing analyst expectations by $19.45 million. The demand-side platform's 18% year-over-year growth, or 22% excluding political advertising spend from the prior year, demonstrated continued market share gains across connected television and programmatic channels. Connected television maintained its position as the fastest-growing channel, with video advertising representing approximately 50% of the company's total business.
The company generated $317 million in adjusted EBITDA during the third quarter, representing a 43% margin. These profitability metrics demonstrate The Trade Desk's ability to maintain strong margins while investing in platform development and organizational restructuring. The Trade Desk joined the S&P 500 index in July 2025, becoming the first independent advertising technology company to achieve this status in approximately 20 years.
The PDP API deployment in Germany represents geographical expansion of infrastructure that The Trade Desk has developed for broader market application. The company's emphasis on eliminating manual processes, increasing transparency, and enabling automated deal configuration addresses operational challenges that have affected programmatic effectiveness across multiple markets. Whether the infrastructure gains widespread adoption depends on publisher willingness to adopt additional technology amid an already fragmented ecosystem where multiple auction wrappers, supply-side platforms, and identity solutions compete for implementation priority.
The marketing community faces decisions about how automated deal management infrastructure affects campaign planning and execution workflows. Publishers gain enhanced visibility into deal performance metrics and market positioning through systems like the PDP API. This transparency could lead to more strategic pricing decisions and improved inventory monetization strategies. The API integration suggests potential for deeper technical integration with existing publisher ad management systems.
For advertisers and agencies, automated deal configuration potentially reduces operational overhead associated with managing multiple publisher relationships. Transparency features may establish new industry standards for deal reporting and performance measurement. Automated optimization capabilities could influence how agencies structure programmatic operations and client reporting processes. The infrastructure represents attempts to reduce the coordination burden that has characterized private marketplace transactions while maintaining the inventory quality and targeting precision that justify premium pricing.
The implementation timeline for PDP API integrations across additional markets remains unclear. The Trade Desk emphasized that the German deployments with Ströer, Virtual Minds, and YOC demonstrate the company's commitment to making media buying more precise and reliable for all parties. Whether competing demand-side platforms develop similar automated deal management capabilities, or whether The Trade Desk's infrastructure becomes an industry standard, will determine how significantly these technical implementations affect programmatic advertising's operational landscape.
Timeline
- October 14, 2025: Andrew Eifler publishes analysis on price discovery mechanisms in programmatic advertising
- October 2, 2025: The Trade Desk announces OpenAds platform and forked Prebid codebase
- October 23, 2025: Prebid.org clarifies transaction ID policy after industry confusion
- November 6, 2025: The Trade Desk reports $739 million Q3 revenue, beating analyst expectations
- December 5, 2025: IAB Tech Lab releases Deals API specification for public comment
- December 17, 2025: The Trade Desk dismisses approximately 39 employees during all-hands meeting
- January 6, 2026: Nine major publishers commit to The Trade Desk's OpenAds auction platform
- February 6, 2026: Ströer, Virtual Minds, and YOC announce integration of Trade Desk's PDP API in Germany
Summary
Who: The Trade Desk, a programmatic advertising demand-side platform, partnered with three German supply-side platforms: Ströer, Virtual Minds (operating Yieldlab), and YOC. Key executives include Jan Vorndamm (Senior Director of Inventory Partnerships at The Trade Desk), Christoph Herick (Vice President Programmatic Demand at Ströer), Nicole Mortier (SVP Account Management & Platform Solutions at Virtual Minds), and Jan Gräwen (Chief Commercial Officer at YOC).
What: The three SSPs became the first partners in Germany to integrate The Trade Desk's Price Discovery and Provisioning API. The API enables complete management of deal ID campaigns through The Trade Desk platform, from configuration of programmatic transactions to transparent verification of delivery. The system replaces manual coordination between sales and technical teams with automated, standardized infrastructure that makes all deal parameters - including budget, pacing, permissions, and brand safety requirements - fully transparent and traceable.
When: The integrations were announced on February 6, 2026. The development follows The Trade Desk's broader 2025 infrastructure initiatives including OpenAds in October and Deal Desk in June, and comes after IAB Tech Lab released its Deals API specification for public comment in December 2025.
Where: The integrations launched in the German market, with Hamburg serving as the announcement location. The infrastructure connects The Trade Desk's platform with the three SSPs' programmatic systems, affecting transactions between advertisers, agencies, and publishers operating in German and broader European markets. Virtual Minds emphasized becoming among the first European SSPs to implement the connection.
Why: The PDP API addresses persistent inefficiencies in programmatic deal management that have prevented deals from scaling effectively. Manual entry of deal information across systems creates errors, delays, and inconsistencies. Complex technical coordination requirements, budget discrepancies, brand safety specification conflicts, and delivery criteria disagreements have limited deal effectiveness. According to The Trade Desk's June 2025 Deal Desk announcement, 90% of deal IDs fail to scale effectively. The API provides the infrastructure necessary for transparent, automated deal configuration and verification, reducing operational friction while increasing planning certainty for buyers and management capability for publishers based on verified parameters rather than informal exchanges.