Thomson Reuters Enhances Fixed Income Pricing Solution With Dealerweb And ICAP - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Dealerweb

Thomson Reuters Enhances Fixed Income Pricing Solution With Dealerweb And ICAP

August 9, 2018
Thomson ReutersThomson Reuters has enhanced its U.S. Treasury and Interest Rate Swaps pricing solution through a partnership with Dealerweb and ICAP to provide its fixed-income trading clients with a global rates offering to further enable their trading decisions.
The Reuters Capital Markets 19901 service, which enables clients to make effective evaluations using an extensive source of prices that assists with both portfolio and inventory management, will now source pricing through Dealerweb and ICAP.
TP ICAPDealerweb’s low latency central limit order book (CLOB) provides RCM 19901 with comprehensive US Treasury data in order to offer the most comprehensive source for inter-bank data in the market. ICAP delivers USD interest rate swap and multi-currency information.
Jamie Grant, global head of Fixed Income and Enterprise Market Data, Thomson Reuters
Jamie Grant, global head of Fixed Income and Enterprise Market Data, Thomson Reuters

RCM 19901 data can be licensed for use in multiple formats for various functions including real-time individual desktop use, including through the Eikon platform, real-time enterprise feeds or intraday snapshots.

Jamie Grant, global head of Fixed Income and Enterprise Market Data, Thomson Reuters, commented:
“All US Treasury order books carry the same level of pricing regardless of volumes in US Treasury Actives, however, it is the US Treasury pricing combined with the swap spreads that are most critical for the industry to determine fair value in the rates market. We are committed to offering our customers the broadest range of data solutions to drive their business performance. Our clients will continue to have access to the same level of service and high-quality data with leading US Dollar swaps data from ICAP and now exclusive Dealerweb US Treasury data.”
Brian McElligott, Head of Data Strategy at Tradeweb Markets
Brian McElligott, Head of Data Strategy at Tradeweb Markets

Dealerweb is the wholesale and inter-dealer trading division of Tradeweb Markets.

Brian McElligott, Head of Data Strategy at Tradeweb Markets, said:
“We look forward to providing on-the-run U.S. Treasury data from our Dealerweb U.S. Treasury marketplace to the Thomson Reuters RCM 19901 pricing service, a longstanding source of pricing information to the industry. Dealerweb leverages advanced Tradeweb Markets technology to serve as an accurate source for real-time price intelligence for the leading participants in the wholesale U.S. Treasury market.”
Eric Sinclair, CEO of Data & Analytics at TP ICAP
Eric Sinclair, CEO of Data & Analytics at TP ICAP

Eric Sinclair, CEO of Data & Analytics at TP ICAP, added: “ICAP Information is a major source of data for the global OTC markets. This is an important relationship as it continues the long-standing presence of ICAP’s swap data on 19901, which is a pivotal page in U.S. fixed income markets.

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