ICAP and Interactive Data Collaborate on OTC Data

ICAP plc and Interactive Data Corp. entered an agreement related to distribution of OTC derivatives data, according to yesterday’s announcement.

Under the agreement, Interactive Data clients can access a broad spectrum of data through its consolidated feed, including ICAP’s interest -rate, credit, fixed income, money markets, foreign exchange and energy market data.

Risk managers, institutional investors and portfolio managers increasingly require access to comprehensive pre-trade price information for improved evaluations, risk management and compliance assessments, according to the release. This data can support enhanced market analysis, including price verification, price forecasting, correlation analysis and liquidity profiling.

“Sourcing content from the leading broker of interest rate derivatives, fixed income and foreign exchange helps ensure that we can deliver high quality data for those markets to our clients,” commented Emmanuel Doe, President, Trading Solutions Group for Interactive Data, a provider of managed low-latency IT and market data feed services designed to facilitate electronic trading. “A significant benefit of our collaboration for clients is the ability to enhance pre-trade transparency through real-time price discovery across a range of global asset classes.”

[For more on ICAP Hires CME's Deriviatives Executive to Head SEF, see Ivy Schmerken's related story.]

The agreement also provides Interactive Data clients the option to access ICAP data via multiple Interactive Data desktop platforms and data feed offerings, all of which will be covered under a direct license between the client and ICAP.

“ICAP Information Services offers benchmark market data products and services to thousands of customers throughout the world. Today’s new alliance with Interactive Data allows us to expand our reach even further and offer our products to a whole new set of financial professionals,” said Mark Beeston, CEO of Portfolio Risk Services for ICAP, an operator of markets and provider of post-trade risk mitigation and information services.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio