EBS BrokerTec launches BrokerTec European Government Bonds data product
13 August 2015
London, New York, 13 August 2015 – EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that it has launched the BrokerTec European Government Bonds premium pricing data product, distributed by ICAP Information Services, the information division of ICAP. The product comprises European Government Bond (EGB) market data from BrokerTec Market, EBS BrokerTec’s electronic central limit order book for the fixed income markets, and is available in real-time, end-of-day and historical formats.
Providing real-time and historical EGB prices on over 1,000 bonds in 10 countries, BrokerTec European Government Bonds data aids price discovery and helps customers conduct effective historical analysis of the EGB market. Using prices streamed directly from the BrokerTec Market platform, customers can access the data throughout the European trading day on Bloomberg, or in an end-of-day or historical data format, downloaded via a secure FTP site.
John Edwards, Managing Director of BrokerTec, Europe, said: “The launch of BrokerTec EGB data is an important expansion in our fixed income data offering and provides customers with valuable insight to gain a comprehensive view of the market. The EGB market has experienced significant volatility this year, which has resulted in some contraction of secondary market activity. With this in mind, BrokerTec EGB data gives customers access to important market intelligence that will allow them to forecast volatility and hedge against risk where possible.”
Kevin Taylor, Managing Director of ICAP Information Services, said: “The launch of our BrokerTec European Government Bonds product is a significant addition to our growing suite of market data from the electronic platforms. The release of the EGB data directly complements our widely successful BrokerTec US Treasury (UST) product and broadens coverage of the global fixed income market. This product features real-time, electronic platform prices creating the transparency that is essential for market participants.”
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ICAP Information Services (IIS) is the market data & price information division of ICAP Group and delivers independent OTC data solutions to financial professionals. With over 400 million updates per day and constant advances in product complexity, ICAP’s data is the intelligence behind algorithmic trading, research models, risk and compliance applications and portfolio pricing and management.
IIS sits within ICAP’s Post Trade Risk and Information division which provides innovative services that enable customers to reduce cost and risk, as well as to increase efficiency, return on capital and capacity to process trades.
About EBS BrokerTec
An award-winning ICAP Group division at the heart of the foreign exchange and fixed income global markets, EBS BrokerTec is a market-leading e-trading technology and solutions provider, offering access to multiple execution options and diverse, valuable liquidity. Constantly creating new, ground-breaking solutions, while continuously investing in proven, market-leading platforms and products, the division provides exceptional value to a globally diverse community of professional traders. For more information, go to www.ebsbrokertec.com
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.