Fixed income and derivatives markets provider Tradeweb and information provider Morningstar have each broadened their data distribution with the announcement of two separate deals.
Tradeweb has signed a long-term, global market data distribution agreement with data vendor Thomson Reuters. As a result, market participants will be able to access real-time data for 20 fixed income and derivatives asset classes generated by Tradeweb through Thomson Reuters' Eikon desktop, or via a data feed for certain non-desktop applications.
Tradeweb claims that the deal will help market participants integrate their data with other market news and sophisticated analytical tools.
“Access to accurate and insightful price information is critical to making informed trades in today’s market environment,” said Lee Olesky, CEO of Tradeweb. “Pre-trade price transparency is increasingly becoming an essential component of the risk management toolkit, playing an important role in improving trade execution and reducing systemic risk.”
Meanwhile, complex event processing provider (CEP) Streambase has integrated Morningstar data into its CEP platform and will provide both firms' clients with global investment information across multiple asset classes.
Customers will be able to integrate market data on stocks, indices, foreign exchange, derivatives and analysis, into a consolidated view that can be further customised.
“While market participants are considering a variety of solutions to reduce the latency issues in their trading systems, the flexibility of being able to react to the dynamic market conditions is the primary requirement,” said Adam Honoré, research director at Aite Group. “We expect to see more hedge funds and traditional asset managers invest in customisable solutions and look into new opportunities.”
“We are seeing more sophisticated buy-side firms adopt StreamBase CEP to evolve and expand their investment strategies,” said Richard Tibbetts, CTO at StreamBase. “Our goal is to increase our customers' profitability with an extensible platform that can substantially enhance the performance of their trading infrastructures, also with the capability of rapidly changing and managing their systems.”