ICAP, an interdealer broker, and Reuters, an information company, announced on Tuesday that ICAP real-time data is now available for use in enterprise-wide business applications through the Reuters Integrated Data Network (IDN), a network collecting, collating and distributing real-time market data.
Under the new agreement, Reuters' customers will now be able to contract the use of already distributed ICAP data via the Reuters IDN delivery channel to power applications across a range of real-time business activities.
ICAP real-time, global data offerings available via Reuters IDN cover a breadth of asset classes and instruments, notes the firm. These include active US Treasury securities as sourced from the electronic BrokerTec platform and other ICAP-sourced government debt and fixed income products, credit derivatives, energy and commodities, spot foreign exchange, forwards, NDFs and options, interest rate derivatives and money markets.
"Today’s professional trading institutions need authoritative real-time pricing to support and satisfy increasingly rigorous risk and portfolio management requirements," comments Antoine Kohler, managing director, information services, ICAP.
“The Reuters IDN is designed to deliver premium real-time content to financial institutions for critical business requirements,” states Bill Ruvo, vice president and data feeds business manager, Reuters. “Because ICAP market data is a recognised standard for deal construction, evaluation and settlement pricing, and contributes to industry benchmarks across many asset classes and instruments, Reuters IDN customers will derive value from its use in key business applications,” he adds.