Inter-dealer broker ICAP plc (LON:IAP) has announced that the company’s market data business division ICAP Information Services (IIS), has signed a partnered with i-Swap, which is the firm’s electronic trading platform for over-the-counter (OTC) interest rate swaps (IRS).
The partnership will launch a full historical Euro swap tick data product called ‘i-Swap History’.
The product is available directly from IIS, with clients gaining access to historical i-Swap order and trade activity on more than 140 Euro swaps, spreads, butterfly, futures-cross and basis instruments. The data available to clients stretches back as far as four years.
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The clients of the service will have the option to choose between a premium or standard package, with a choice of single or multiple year history in a complete data set. Both packages will be downloadable through a secure FTP site.
Commenting in the announcement, the Managing Director of IIS, Kevin Taylor, said, “IIS is renowned for providing high-quality, transaction-backed data which allows clients to generate reliable and accurate prices that are reflective of the markets in which they operate. i-Swap History will allow a wide range of potential customers to conduct accurate portfolio analysis and hedge against risk in the OTC Euro swap market.”
The CEO of i-Swap, Don McClumpha, added, “We continually strive to offer value-added services to our customers and the launch of i-Swap History will be a comprehensive view of how Euro swaps are traded in the financial markets. We have plans to extend our market data capability over the course of 2015.”