A-Team Insight Blogs

ICAP Information Shines Light on Indian OTC Market Data

Share article

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.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Upcoming Webinar: Embedding AI & Machine Learning into your trading operations

Date: 15 September 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET It’s no secret that AI and Machine Learning are changing the landscape of the trading industry. As these tools and techniques become more mainstream, their availability to even the smallest of financial firms is becoming a more viable proposition.  From speech recognition...

BLOG

Exegy Delivers Website Reporting Performance and Value of Signum Real-time Trading Signals

Exegy, a provider of low-latency market data solutions and predictive analytics, has released a new website providing daily reports on the performance and value of its Signum portfolio of real-time trading signals. One report estimates the net price improvement in US equity trades that is achievable when using Exegy’s Quote Vector, which accurately predicts the...

EVENT

RegTech Summit London

Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management

Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,...