British multinational markets operator and provider of post trade risk solutions ICAP plc (LON:IAP) has today announced that ICAP Information Services (IIS), the market data business of ICAP, has partnered with i-Swap, its electronic trading platform for over-the-counter (OTC) interest rate swaps (IRS) to launch ‘i-Swap History’, a full historical Euro swap tick data product.
Available directly from IIS, customers will be able to access the historical i-Swap order and trade activity on more than 140 Euro swap, spread, butterfly, futures-cross and basis instruments for the past 4 years. Customers will receive either a premium or standard package, with a choice of single or multiple year history in a complete data set. Both packages can be downloaded via a secure FTP site.
Kevin Taylor, Managing Director IIS 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. We’re pleased to collaborate with i-Swap to launch i-Swap History which will allow a wide range of potential customers to conduct accurate portfolio analysis and hedge against risk in the OTC Euro swap market.”
Don McClumpha, CEO of i-Swap, said: “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.”
IIS is the market data & price division of ICAP Group and delivers independent OTC data solutions to financial professionals for real-time, end-of-day and historical products. ICAP’s data is the intelligence behind algorithmic trading, research models, risk and compliance applications and portfolio pricing and management. With volume traded by ICAP from over 30 countries being fed into our data products, IIS delivers 100,000 instruments generating an average of 400 million updates per day.
To view the official announcement from ICAP, click here.