18 October 2017
Register now

Tullett Prebon Information launches aggregated swap data feed

19 June 2014  |  843 views  |  0 Source: Tullett Prebon Information

Tullett Prebon Information (TPI), a leading provider of independent real-time price information from the global OTC financial and commodity markets, today announced the launch of its aggregated swap data repositories (SDR) data feed for the interest rate swaps (IRS) market.

The service aims to increase price transparency, in accordance with the Dodd-Frank Act, by making pre- and post-trade data available together in an easy-to-consume and consistent format.

The feed provides a comprehensive view of the market by combining standardised post-trade data with pre-trade bids and offers. It includes post-trade prices and volumes from the Depository Trust & Clearing Corporation (DTCC), one of the most widely used SDR for the IRS market. This complements TPI's own indicative IRS data, an industry standard for over 20 years. The SDR data and the indicative data are easily distinguished by separate records. By consolidating this data, TPI better equips buy-side and sell-side firms to conduct analysis, evaluate risk and plan an effective interest rate swap strategy.

The service covers IRS fixed/float, OIS and Basis Swaps across all major currencies and is available via TPI's proprietary SURF feed on a real-time, intraday and end-of-day basis. TPI will extend the service to include other SDRs, so firms will be able to benefit from consolidated data from multiple sources in a single vendor feed.

Commenting on the deal, Frank Desmond, managing director at Tullett Prebon Information, said: "Regulatory change, notably the Dodd-Frank Act, has resulted in increasing levels of electronic trading in interest rate swaps which in turn is driving demand for transparency in this evolving market. With SEFs publishing trades on designated repositories, firms need ways to access this information and plug it into their own analytics and trading activities. The problem is, in its raw form, SDR data is not always sufficient or even easy to digest. By standardising it and adding in our own indicative feed, firms have access to an in-depth market view from a service they already rely upon and trust." 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

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

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15200 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8398 views comments | 16 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7914 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7357 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6512 views comments | 8 tweets | 16 linkedin

Featured job

London, UK (or flexible)

Find your next job