The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

ICAP Information Shines Light on Indian OTC Market Data

ICAP Information, part of TP ICAP, has released a market data service for the Indian OTC market. The service will allow participants to access information based on real-time bids and offers, rather than having to rely on indicatives, and provide accurate, reliable and independent insight into market activity.

The service will source data from five desks – four onshore and one offshore – as well as provide real-time data direct from I-Stream, India’s first and largest electronics swaps trading platform. Users will gain direct access to real-time data relating to INR denominated money markets, FX, interest rate derivatives and fixed income instruments across the region.

I-Stream has been running for about a decade and has become the primary hub for price discovery and execution in India’s OTC market. As the market continues to grow – India is the world’s fastest growing economy and its appeal to offshore participants will only increase – participants will need both price transparency and a trusted trade-backed source for market valuations.

Which is where ICAP Information comes in. Digant Bhansali, vice president ICAP India says: “This has been a missing piece of the puzzle so far, and it is what we are looking to provide with the new service. As well as the benefit of having access to real-time traded information as opposed to theoretical indicatives, the service is designed to help users comply with complex regulatory onshore and cross-border needs, and facilitate robust risk-monitoring. This will put users in a much better position as the market continues to open up to offshore investment and becomes more liquid.”

The service is the result of a partnership between TP ICAP’s data analytics and global broking divisions, which aims to turn TP ICAP’s market position into innovative data products that provide insight into less liquid or well-covered markets. It follows the recent launch of new Euro IRO and global inflation services. More services are due to come on stream later this year.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 1 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

A-Team Webinar to Address Challenges of Deploying Market Data in the Cloud

The past year has witnessed a surge in interest in co-opting cloud technologies as a sourcing, hosting and distribution mechanism for market data. Firms seeking to migrate their market data infrastructure to the cloud, however, face significant challenges, particularly in the context of real-time data for fast-moving markets. A-Team’s February 25 webinar – ‘Approaches to...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

MiFID II Handbook

As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have...