Standard & Poor’s (S&P), a financial market information provider, and ICAP, an interdealer broker, have teamed up to offer ICAP’s global market data to Standard & Poor’s clients. S&P’s securities evaluations will provide the ICAP data through MasterFeed, its consolidated securities reference data and end-of-day pricing feed service.
S&P is using ICAP data in its evaluations in response to growing demands from clients who deal with complex global, multi-asset class instruments. These include Asian and European credit derivatives, Asian government bonds and other fixed income products. S&P believes access to ICAP’s pricing data can help clients improve overall portfolio management and risk assessment.
“This agreement gives our clients a single delivery source of market pricing from ICAP, a market leader in interest rate, credit, and derivatives products,” says JR Rieger, vice-president of global evaluations for S&P. “As a result of this enhancement, clients can leverage both Standard & Poor’s and ICAP’s data to meet increased internal and external demand for comprehensive, transparent market coverage and consistent pricing.”
John Nixon, director of global market data services for ICAP, adds, “In today’s global business environment, independent sources of data are key to making effective choices and developing successful solutions for evolving regulatory requirements. We are pleased to provide Standard & Poor’s customers with consistent pricing across all over-the-counter instruments to help support their complex evaluations and investment activities.”
The ICAP end-of-day pricing available in MasterFeed includes: Asian interest rate derivatives, credit derivatives and money markets; European credit derivatives, money markets, fixed income and interest rate derivatives; Japanese government bonds; Global foreign exchange; and US money markets, credit derivatives, and interest rate derivatives.