ICAP and Interactive Data Corporation collaborate for OTC data distribution

The alliance will bring more transparency and better liquidity provision in OTC transactions

Interdealer broker ICAP (LON:IAP) has just announced that it is teaming up with Interactive Data Corporation, which is a top provider of low latency market data, to form an alliance aiming to ease and provide better access for risk-managers and institutional clients to OTC (over the counter) data feeds through platforms such as eSignal, Vantage and 360View.

The agreement between the firms provides access for IDC clients to the vast liquidity supply of ICAP’s data feeds. IDC commented that it only made sense to them to source market data from one of the leading suppliers of foreign exchange, fixed income and interest rates markets feeds. Further enhancement of pre-trading transparency is to the benefit of the client and to the industry and the companies’ image.

Interactive Data clients will be able to access market data through a set of multiple desktop platforms and data feeds. The licensing will be settled between the clients and ICAP directly.

Following is a link to ICAP’s full press release.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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