ICAP develops real time benchmark for Euro Yield spreads

07 June 2011

London, 7th June 2011 – ICAP, the world’s premier interdealer broker, announced today that in collaboration with Deutsche Börse, it has developed ‘Eurex ICAP Swap Spreads’.  This innovative new product joins two original sources of data providing an efficient price discovery solution and aims to serve as a neutral benchmark for interest rate swaps.

Eurex ICAP Swap Spreads disseminates yield spreads between exchange-traded futures and interest rate swaps that are traded over-the-counter (OTC). In addition, the product provides Bund, Bobl and Schatz futures yields, ICAP Euro interest rate swap rates and open, high, low and close spreads and yields. The data is updated every 250 milliseconds. Market participants can use the information to optimize borrowing and hedging costs, review portfolios values and improve risk management.

Kevin Taylor, Global Head of ICAP Information Services said:
“We are very excited about the opportunity to work closely with another high quality market leader to provide our clients with key bond future and interest rate swap yield spreads for the European market. The benchmark reinforces our respective leading positions in the creation of innovative data products and ensures that we continue to offer our customers meaningful market data solutions.”

Georg Gross, Head of Front Office Data & Analytics at Deutsche Börse said
“Both Eurex and ICAP are leaders in their market segments. By combining data from both companies, we were able to create a product that provides benchmark information for key fixed income markets in Europe.”

Eurex ICAP Swap Spreads is available via Deutsche Börse’s direct real-time data feed CEF Core.

For more information about Eurex ICAP Swap Spreads, please visit:

Mike Sheard                         Director of Corporate Affairs                   +44 (0) 20 7050 7103
Alexandra Umpleby            Head of Media Relations                         +44 (0) 20 7050 7104
Alex Dee                               Head of Investor Relations                      +44 (0) 20 7050 7123
About ICAP
ICAP is the world’s premier interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com

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Bryony Scragg
Media Relations - NEX
bryony.scragg@nex.com 0207 818 9689 LinkedIn
Bryony scragg


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