Deutsche Brse Market Data & Analytics is expanding its range of information products with Eurex ICAP Swap Spreads.
The new data product, which aims to serve as a neutral benchmark for Euro interest rate swaps, was developed jointly with interdealer broker ICAP.
Eurex ICAP Swap Spreads provides yield spreads between exchange-traded futures and interest rate swaps that are traded over-the-counter (OTC). In addition, the product includes Bund, Bobl and Schatz futures yields, ICAP Euro interest rate swap rates and open, high, low and close spreads and yields. The data is updated every 250 milliseconds.
Market participants can use the information to optimize borrowing and hedging costs, review portfolios values and improve riskmanagement.
By combining data from both companies, we were able to create a product that provides benchmark information for key fixed income markets in Europe, says Georg Gross, Head of Front Office Data & Analytics at Deutsche Brse.
(LB)