In its third quarterly release this year of its hosted data management and extraction platform DataScope Select, Reuters has incorporated what it says are significant enhancements to the solution in the areas of OTC equity options pricing and counterparty data.
The evaluated pricing services within Reuters DataScope Select have been extended with the provision of a mechanism for clients to submit deal information and request prices for OTC equity options via FTP or a user-friendly interface, Reuters says. The addition of OTC equity options pricing into DataScope Select, where it is available alongside the other data accessible via the platform such as terms and conditions and corporate actions, is particularly valuable in light of the increasing regulatory demand for transparency of pricing in a volatile market, Reuters’ product manager Brian Filanowski reckons. The OTC equity options prices, evaluated internally by Reuters specialists, join the credit default swap and interest rate swap prices already available via DataScope Select, and the vendor says there will be more to come as it taps further into its evaluated pricing capabilities.
Reuters’ counterparty data service, launched in May, has been an add-on service in DataScope Select until now. With this release, the vendor has added hierarchies, seamlessly linking its counterparty data with the pricing and reference data already available via DataScope Select. Users can search for and identify the exact origin of a specific security or transaction through company hierarchy and counterparty data now available within the same hosted platform, the vendor adds. This should also support clients’ efforts to accurately manage exposure and meet requirements for greater transparency. Filanowski reports a positive response to the counterparty data service from Reuters’ clients since its launch, adding that the creation of seamless linkages between counterparty and other reference data in DataScope Select should provide another boost for the service.
This latest release of Reuters DataScope Select also offers expanded data content that supports regulatory transaction reporting under MiFID, Reuters adds.