Icap and Interactive Data team on OTC data distribution

Source: Icap

Icap plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, and Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data feed services designed to facilitate electronic trading, today announced a new collaboration between the two firms.

Risk managers, institutional investors and portfolio managers increasingly require access to comprehensive pre-trade price information for improved evaluations, risk management and compliance assessments. Under the new agreement, Interactive Data clients can access a broad spectrum of ICAP data via the Consolidated Feed, including ICAP's award-winning interest rate, credit, fixed income, money markets, foreign exchange, and energy market data. This data can support enhanced market analysis, including price verification, price forecasting, correlation analysis and liquidity profiling.

"Sourcing content from the leading broker of interest rate derivatives, fixed income and foreign exchange helps ensure that we can deliver high quality data for those markets to our clients," commented Emmanuel Doe, President, Trading Solutions Group for Interactive Data. "A significant benefit of our collaboration for clients is the ability to enhance pre-trade transparency through real-time price discovery across a range of global asset classes."

The agreement also provides Interactive Data clients the capability to access ICAP data via multiple Interactive Data desktop platforms and data feed offerings, all of which will be covered under a direct license between the client and ICAP.

Mark Beeston, CEO of Portfolio Risk Services for ICAP, said: "ICAP Information Services offers benchmark market data products and services to thousands of customers throughout the world. Today's new alliance with Interactive Data allows us to expand our reach even further and offer our products to a whole new set of financial professionals."

ICAP Information Services (IIS) is a unit of ICAP's Post Trade Risk and Information division. The Group provides data services across all key asset classes and offers innovative solutions for real-time, end-of-day and historical products. As the leading provider of OTC market information, IIS is at the forefront of delivering independent data solutions to financial market participants. 

Comments: (0)

sponsored