ICAP and Wind Info expand market data feed to help investors in China and abroad make informed decisions
New offerings include Treasury bill benchmark and spot FX data covering most G20 currencies
Hong Kong, 27 September, 2016 – Wind Information Co., Ltd (Wind Info), a leading provider of financial data in China, together with ICAP Information Services (IIS), the information arm of ICAP plc (IAP.L), a leading markets operator and provider of post-trade risk mitigation and information services, have extended their market data portfolio to include real-time US Treasury pricing and global FX spot rates.
Following the partnership signed in early 2015 between the two parties to provide offshore Chinese renminbi (CNH) and end-of-day US Treasury data in China, the new offering now includes real-time benchmark data for US Treasury yield curves. Together with the data already available, Wind Info’s extensive global institutional client base can now gain access to timely, accurate data via the Wind terminal to enable more accurate price discovery and pre-trade analysis.
At the same time, clients of Wind Info can now also access additional spot FX data covering the majority of G20 currencies 24 hours a day, including AUD/USD, EUR/USD, GBP/USD, USD/HKD and more. As the FX marketplace is constantly evolving, this reliable data stream will help traders to do business at any time of day.
Mr. Zhou Li, Co-Founder and SVP of Wind Info, said: “Wind Info’s clients at home and abroad can now gain full access to all ICAP data. We see this as an important milestone in our partnership with IIS and a fulfillment of our unwavering commitment to offering highly accurate and reliable data to our clients. Going forward, we will also step up our efforts to further expand overseas and reach out to clients in new markets such as Singapore and the United States.”
Kevin Taylor, Managing Director of IIS, said: “Data transparency is becoming an increasingly important topic, especially when it comes to managing risk in making investment decisions. At IIS, we also see the value and importance of promoting open and transparent data. Together with Wind Info, ICAP will continue to deliver timely, multi-faceted market data intelligence to our clients to help them make informed investment decisions during an era of more stringent financial regulation.”
IIS is the market data and price information division of ICAP Group which delivers independent OTC data solutions to financial professionals. With over 400 million updates per day and constant advances in product complexity, ICAP’s data is the intelligence behind algorithmic trading, research models, risk and compliance applications, and portfolio pricing and management.
IIS sits within ICAP’s Post Trade Risk and Information division which provide innovative services that enable customers to reduce cost and risk, as well as to increase efficiency, return on capital and capacity to process trades.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com
ICAP announced in November 2015 that it intends to sell its global hybrid voice broking and associated information business to Tullett Prebon, including ICAP's associated technology and broking platforms (including iSwap and Fusion) and certain of ICAP’s joint ventures and associate companies (“IGBB”). On completion of the transaction with Tullett Prebon the ICAP brand will be transferred to Tullett Prebon and the remaining ‘NewCo’ business comprising of post trade risk and information services and electronic markets will be renamed NEX Group plc.
NEX Group plc will be headquartered in London and will employ 1,600 people in offices worldwide.
About Wind Info
As the market leader in China’s financial information services industry, Wind Info is dedicated to providing accurate and real-time information, as well as sophisticated communication platforms for financial professionals. In China, we serve more than 90% of financial institutions including hedge funds, asset management firms, securities companies, insurance companies, banks, research institutions, and regulatory bodies. Overseas, Wind Info serves 70% of Qualified Foreign Institutional Investors (QFII). Hailed both at home and abroad as the premier provider of Chinese financial information, the company’s data are frequently quoted by Chinese and international media, in research reports, and in academic papers.