20 October 2017
Find out more

Interactive Data to supply data for Icap's securities lending platform

09 May 2007  |  743 views  |  0 Source: Interactive Data

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Pricing and Reference Data business will supply interdealer broker ICAP with a wide range of pricing and reference data for i-Sec, ICAP's new electronic trading platform for securities lending.

i-Sec enables traders active in securities finance to borrow or lend equities via a screen-based, electronic platform that combines a leading order matching system with a high-speed, high capacity and fully redundant communications network. The data supplied to i-Sec is being provided via an interface with Interactive Data's FTSSM online portfolio administration service.

Securities lending is a huge and growing business for the professional investment community. An explosion in securities lending trading volumes through business expansion and increased algorithmic trading firms has combined with continued pressure on spreads for market participants and growing commoditisation of many transactions - an impact on profitability.

Roy Zimmerhansl, head of Securities Lending, ICAP, commented: "Electronic trading on i-Sec enables market participants to improve their distribution and leverage their relationships by bringing together multiple sources of supply and demand, increasing efficiency and reducing cost. The i-Sec platform has been designed by traders for traders, and offers functionalities that are not currently available in the market. With our existing client network and strong presence in electronic broking, ICAP is well positioned to add real value to the securities lending market."

Brendan Beith, European sales director of Interactive Data's Pricing and Reference Data business, added: "We are delighted that ICAP has selected Interactive Data as its preferred data vendor for this exciting new securities lending tool and look forward to working with ICAP to build on this new area of their business. We interface with over 250 application and software vendors, and have always strongly believed in flexibly offering our information in the preferred format of customers."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Interactive Data

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16069 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8286 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7863 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7278 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6630 views comments | 10 tweets | 21 linkedin

Featured job

circa £250K total package
London

Find your next job