Dodd-Frank and EMIR rules require that certain trades of credit, interest rates, commodities and foreign exchange derivatives must be reported to a Swap Data Repository (SDR) within a certain timeframe post-execution, and that the data must be made publicly available. However, accessing and collating that data from the SDRs globally is a time and resource-intensive process in its own right, even before the more complex and costly challenge of analyzing and categorizing the data begins.

GTRA aggregates and normalizes commodities, energy, credit, fx and interest rate data from the four principal SDRs – namely Bloomberg, the Chicago Mercantile Exchange (CME), Depository Trust & Clearing Corporation (DTCC) and Intercontinental Exchange (ICE) – and has created a feed of that data which Interactive Data is exclusively redistributing via its Consolidated Feed.

"Interactive Data continues to invest in differentiated, critical content for its clients who are operating in a challenging regulatory environment with its associated reporting complexities," noted Shai Popat, Vice President EMEA, Trading Solutions at Interactive Data. "This exclusive deal with GTRA, which allows us to offer this trade data to our Consolidated Feed clients, is important at a time when regulation continues to impose operational burdens on them," he added.

"The GTRA product augments the data set available to financial markets by adding the new dimension of aggregated OTC derivative trades across a range of asset classes. The data can help market participants to monitor actual trading activity, from instrument overview down to the contract level and help facilitate identification of liquidity pockets, or holes, for a wide range of derivative contracts," said Antonio Castagna, Senior Consultant at Iason Ltd. "Moreover, the data can play a crucial role in the understanding of, and compliance with, regulatory obligations. We are delighted to be collaborating with Interactive Data. We believe they provide a highly effective way to distribute these SDR data," he added. (Iason Ltd is the owner of GTRA's intellectual property.)