ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that ICAP Information Services (IIS), the information division of ICAP, has partnered with Wind Information Co., Ltd (Wind Info), a leading provider of financial data, to provide offshore Chinese renminbi (CNH) and US Treasury data to the Chinese market.
As a result of the partnership, Wind Info’s clients that include securities, fund management, investment and insurance companies, banks, financial research institutions and regulatory committees, will have access to offshore market data for the first time. Clients will be able to access USD/CNH Fwd, USD/CNH Spot, USD/CNY NDF, US Treasury EOD data via Wind Financial Terminals (WFT), 24 hours a day, seven days a week.
Kevin Taylor, Managing Director, IIS, said: “In a new era of financial regulation, the importance of high-quality, transaction-backed data continues to grow. We’re extremely pleased to form a key alliance with Wind Info, the biggest data provider in China, to provide this new product to the local financial markets.”
Yan Lei, President of Fixed-income Division, Wind Info, said: “Wind Info is constantly looking to extend its services across the financial markets and we are thrilled to be partnering with IIS to provide offshore Renminbi and US treasury data to our clients. As the world’s largest interdealer broker, ICAP will be providing us with reliable and accurate prices that are truly global and reflective of the markets that they operate in.”
IIS is the market data & price information division of ICAP Group and delivers independent OTC data solutions to financial professionals for real-time, end-of-day and historical products. ICAP’s data is the intelligence behind algorithmic trading, research models, risk and compliance applications and portfolio pricing and management. With volume traded by ICAP from over 30 countries being fed into our data products, IIS delivers 96,000 instruments generating over 300 million updates per day.