ICAP Information Releases New Data Sets
ICAP Information, part of TP ICAP, the world’s largest interdealer broker, has launched two new data sets, covering EURO Interest Rate Options (IRO) and Global Inflation. By making this data commercially available for the first time TP ICAP aims to provide market participants with greater transparency in a traditionally opaque asset class. The release of this new data follows ongoing efforts to strengthen the group’s leading position in providing superior data products, working closely with TP ICAP’s Global Broking division.
The EURO IRO package, built on ICAP Information’s leading position in the market as a provider of liquidity, offers an unprecedented level of coverage and granularity in this asset class.
The Global Inflation package is a broader offering, encompassing a wide variety of inflation data from across the world, including Australian and Israeli data. It marks the first time that such a comprehensive range of inflation data, from across all major regions, has been made commercially available to the wider market from a single source.
Ovie Koloko, Global Head of Product Management, comments: “Since last year the Data & Analytics and Global Broking divisions have been working closely together in a formalised partnership. The aim being to take advantage of the brokers’ market leading position, gather data from across the business, and make it available to the wider community. Filling existing gaps in quality or coverage, or where information has simply never been accessible before, has been our initial focus.
“These latest two products are examples of what the relationship can achieve and we’re confident that these packages will be of tremendous use to a variety of our clients. By disseminating this information more widely, we are aiming to create a virtuous circle. This approach will drive better analytics and services in our Global Broking division, which will ultimately give us better data. This is just the start. Our customers can expect further innovative data packages over the coming year.”
The information contained within both packages will be for price discovery and accurate securities pricing in the front office, as well as risk management, valuation and independent price verification in middle and back office functions. The information also comes with a large amount of historical data.
Investors want greater transparency across all asset classes and portfolios.
How can firms increase data analytics without incurring excessive overhead?
Market shifts away from submission-based pricing, toward independently validated reference prices.
Firm will add access points across APAC and EMEA markets.
Aim is to provide accurate, independently validated market data.