Tullett Prebon Information announces an exclusive partnership with Global Markets Implied Volatility , a leading supplier of specialised services to equity market participants, to launch an equity derivative market data service. The service delivers pricing for derivatives contracts – options, variance swaps and dividend swaps – written on North American and European equities, including the S&P 500, Russell 2000, Nasdaq 100, FTSE 100, Eurostoxx 50 and DAX 30. GMIV is a valuation and consulting company specialising in the equity and index options market.
GMIV’s proprietary financial models enable them to provide market participants with live and accurate indicative quotes on simple and complex, listed and over-the-counter options structures, as well as variance swaps and dividend swaps. Tullett Prebon Information will be the distributor of GMIV’s equity derivatives pricing data and will apply its robust data quality process to the data and then feed it to clients via Tullett Prebon’s established datafeed and FTP service.
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Frank Desmond, Managing Director of Tullett Prebon Information, commented: “There is a real paucity of quality equity derivative data in the OTC market, so I am delighted we have partnered with a leading specialist in equity markets to be the sole provider of pricing for derivatives contracts. GMIV’s continuous interaction with key market participants gives them an unrivalled view of the trading and liquidity in the indexes covered.”
Gilbert Eid, CEO of Global Markets Implied Volatility, said:“We are delighted to be working with Tullett Prebon Information, a business renowned for providing quality data to the market. Combining our unique perspective on the market with Tullett Prebon Information’s global footprint, established client base and first class distribution network will provide a powerful tool to meet the growing demand for equity derivative pricing data.”