Reuters announced today it has extended its data purchasing agreement with ICAP, owner of the Garban Intercapital inter-dealer broking business.
Under the terms of the new agreement, Reuters will distribute a broader range of price data generated by ICAP. It will now include interest rate and currency swaps, FX option volatilities (caps and floors), money market instruments, fixed income assets, futures, commodities, equity derivatives and broker history data.
Reuters customers will be able to access the data at no additional charge through a number of products, including Reuters 3000 Xtra and Reuters BridgeStation.
“As an acknowledged leading source of broker data, it made perfect sense to extend our longstanding relationship with ICAP,” explains Julie Holland, Managing Director, Reuters Treasury Services. “This agreement supports Reuters aims to bring financial market professionals best-in-class data in addition to analysis and transaction capabilities.”
John Barber Global Head of Information Services at ICAP, added: “We are extremely pleased to be able to strengthen the highly-established relationship we have with Reuters. ICAP is committed to supplying first class broker data and we believe that the extended range of data that Reuters has purchased will add significant value for its information-hungry customers.”