ICAP Information Services Partners with i-Swap for Historical Data

Inter-dealer broker ICAP plc (LON:IAP) has announced that the company’s market data business division ICAP Information Services (IIS), has signed a partnered with i-Swap, which is the firm's electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for over-the-counter (OTC) interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term (IRS).

The partnership will launch a full historical Euro swap tick data product called ‘i-Swap History’.

The product is available directly from IIS, with clients gaining access to historical i-Swap order and trade activity on more than 140 Euro swaps, spreads, butterfly, futures-cross and basis instruments. The data available to clients stretches back as far as four years.

The clients of the service will have the option to choose between a premium or standard package, with a choice of single or multiple year history in a complete data set. Both packages will be downloadable through a secure FTP site.

Commenting in the announcement, the Managing Director of IIS, Kevin Taylor, said, “IIS is renowned for providing high-quality, transaction-backed data which allows clients to generate reliable and accurate prices that are reflective of the markets in which they operate. i-Swap History will allow a wide range of potential customers to conduct accurate portfolio analysis and hedge against risk in the OTC Euro swap market.”

The CEO of i-Swap, Don McClumpha, added, “We continually strive to offer value-added services to our customers and the launch of i-Swap History will be a comprehensive view of how Euro swaps are traded in the financial markets. We have plans to extend our market data capability over the course of 2015.”