Interactive Data to distribute Tradition OTC data

Source: Interactive Data

Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it will carry over-the-counter (OTC) data from Tradition, one of the world's largest interdealer brokers, specialising in broker services for over-the-counter financial and commodity-related products.

Interactive Data will deliver this data via its consolidated low-latency datafeed, PlusFeedSM.

Clients of PlusFeed will now have access to Tradition's wide range of currency data and other OTC traded instruments, including: basis swaps, inflation swaps, cross currency swaps and cash deposits for money markets; Certificates of Deposit; FX forwards; FX options; government bonds; interest rate options; interest rate swap spreads; interest rate swaps; non-deliverable forwards; non-deliverable interest rate swaps; overnight index swaps, and repos.

"With the current volatility in the financial markets, we've seen strong demand from clients of PlusFeed for access to global real-time OTC data," said Don Finucane, vice president, Product Management and OTC Data Services, Interactive Data. "We're delighted that this new agreement with Tradition - and other broker content that we're adding - will allow us to further extend our global coverage of the OTC markets as optional value-added services via PlusFeed."

Simon Crees, director of Market Data at Tradition added: "Whether it is data for a single solution, single user or feeds for an entire organisation, we can offer access to a wide range of prices in a broad number of markets. With our global presence, we can access less transparent markets and offer hard-to-find prices."

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