Inter-dealer broker ICAP’s historical tick data is now available through market data vendor Thomson Reuters. The two firms expanded their distribution agreement in response to market need, prompted by the continued growth of automated and program trading.
Historical tick data is used primarily for program and/or automated trading, portfolio management and valuations. It also supports the compliance, accounting and audit functions of financial institutions.
From today, Thomson Reuters customers will be able to access ICAP’s historical tick data in packages that include foreign exchange, FX options, and fixed-income and interest rate derivatives. The agreement includes data from two of ICAP’s electronic platforms, BrokerTec for US treasuries data and EBS for spot foreign exchange.
ICAP is the first broker to add its tick data to Reuters Datascope Tick History (RDTH), a global historical tick database covering all data distributed over the Thomson Reuters real-time networks since 1996. RDTH is part of the Thomson Reuters Quant and Event Driven Trading product suite, which offers regulatory compliance content and back-testing investment tools.
“ICAP historical data is used by an increasing number of market participants, including algo traders and prop desks, to build and test their trading models,” said Antoine Kohler, managing director, ICAP Information Services, in a statement.
Mike Powell, global head of enterprise information, Thomson Reuters, added, “The addition of valuable content from ICAP into our integrated 12-year archive of global tick by tick instrument prices further enhances our algorithmic trading, quantitative research and regulatory compliance solutions.”