Proquote launches treasury services offering

Source: London Stock Exchange

Proquote, the London Stock Exchange's real-time market data and trading terminal, has launched a treasury offering, using Martin Brokers, the specialist money broker, and existing data providers to supply deposit rate data and other treasury information services to Proquote customers based in building societies, local authorities and investment bank off-trading floor departments.

Proquote, which has signed up 48 customers to the service, will provide a series of data packages consisting of real-time rates and money market data ranging from spots, forwards, crosses and deposits, swaps, options and other derivatives which allow treasurers to manage exposure to currency and interest rate fluctuations.

Proquote also provides specialist money market news, equity and fixed income market data, economic indicators and analysis tools to ensure that customers can stay up to date with events that move the market, such as interest rate changes that impact treasury management issues.

Commenting on the agreement, Karen Young, Head of Business Development at the London Stock Exchange, said: "This is a high quality information service which will offer choice and flexibility to customers on how they view Treasury data and mange risk. Working with Martin Brokers complements Proquote's suite of data offerings from ICAP and Tullet Prebon Information."

John Lidyard, Chief Information Officer at Martin Brokers said: "Proquote is an ideal partner to work with to widen the distribution of our sterling deposits data. We look forward to expanding the data available via the Proquote service in the future."

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