GFI Market Data, a division of GFI Group Inc. (NYSE: GFIG), and Visual Risk announced today that they have entered into an agreement whereby GFI will supply Visual Risk with its full suite of Market Data, which includes data on OTC derivatives in fixed income, FX, energy & commodities, equities and interest rates.
Paul Nailand, Managing Director of Visual Risk said: "We are delighted to have GFI's Market Data suite available as part of our new Integrated Market Data Service. Corporate treasuries and smaller financial institutions increasingly need to take a more sophisticated approach to valuation and curve construction. The volatility surfaces and other specialised data that GFI provide play an integral role in this process and we are pleased to be able to make them available seamlessly to our customers."
Philip Winstone, Global Head of Market Data at GFI stated: "GFI is excited to be able to offer Visual Risk's diverse client base access to our OTC market data. The demand for transparent high quality OTC derivative data has never been higher and this partnership makes GFI data available to a wider audience than traditional financial market participants. Visual Risk's clients are able to now streamline GFI data directly into their Total Treasury™ system via an automated cloud-based service."
Visual Risk is a specialist provider of treasury solutions to public and private sector corporates, debt management intensive entities and financial institutions ranging from commercial banks to credit unions. Covering interest rates, FX, commodities and asset-liability management, Visual Risk delivers a full front-to-back solution encompassing advanced risk dashboard analytics, hedge accounting, back office and cash/liquidity management. Headquartered in Sydney, Visual Risk was founded in 2001 and has over 110 customers in Australia, New Zealand, South East Asia and Europe.