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

A-Team Insight Blogs

Prism Valuation to Use Icap as Main Underlying Source of OTC Information

Subscribe to our newsletter

Interdealer broker Icap and Prism Valuation have finalised an agreement that will allow the valuations provider to use Icap data as the main underlying source of OTC information for its services. Although financial terms of the deal have not been disclosed, Icap has also become a minority shareholder in the vendor.

The data agreement between Icap’s market data division, Icap Information Services, and Prism Valuation covers a broad range of OTC data generated from the firm’s interdealer broker activities and will be used to assist in the valuation of complex structured products.

Antoine Kohler, managing director, Icap Information Services, explains why the broker decided to work with Prism: “Prism Valuation has considerable expertise with valuation solutions for OTC products and offers an independent service to effectively mark-to-market hard to value products.”

Greg Cripps, president and CEO of Prism Valuation, adds the vendor’s perspective on the deal: “Icap has a strong reputation as the benchmark in many OTC markets and we look forward to expanding our offering of independent valuation services using Icap’s data. We will continue to work closely with Icap to ensure we deliver to our customers the valuations and transparency they require to adapt to an increasingly regulated global business environment.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

Date: 8 March 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away....

BLOG

Tractiv Raises $2.25 Million to Build Out Data Tracking Solution

Chicago-based data usage monitoring and tracking specialist Tractiv, formerly known as TradeX, has raised $2.25 million in seed funding to expand its engineering and sales teams. At the same time, the company has added Mark Almeida to its board of directors. Almeida is Limited Partner Advisor at Nyca Partners – which led the funding round...

EVENT

ESG Data & Tech Summit 2022

The inaugural ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...