ICAP and Interactive Data Corporation announce new collaboration for OTC data distribution
07 November 2013
New York/London, 7 November, 2013 - ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, and Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data feed services designed to facilitate electronic trading, today announced a new collaboration between the two firms.
Risk managers, institutional investors and portfolio managers increasingly require access to comprehensive pre-trade price information for improved evaluations, risk management and compliance assessments. Under the new agreement, Interactive Data clients can access a broad spectrum of ICAP data via the Consolidated Feed, including ICAP’s award-winning interest rate, credit, fixed income, money markets, foreign exchange, and energy market data. 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 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."
The agreement also provides Interactive Data clients the capability 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.
Mark Beeston, CEO of Portfolio Risk Services for ICAP, said: "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."
ICAP Information Services (IIS) is a unit of ICAP’s Post Trade Risk and Information division. The Group provides data services across all key asset classes and offers innovative solutions for real-time, end-of-day and historical products. As the leading provider of OTC market information, IIS is at the forefront of delivering independent data solutions to financial market participants.
ICAP Media Contacts
ICAP Communications UK
+44 (0) 20 7050 7124
ICAP Communications US
+1 212 341 9759
Interactive Data Media Contacts
IDC North America
+1 781 687 8291
IDC Europe & Asia-Pacific
+44 (0)20 7825 8012
About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers subscribe to its fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.