ICAP, the global interdealer broker, has launched ICAP FIX, a comprehensive data service providing accurate and verifiable marks across a range of ICAP market data.
ICAP said that ICAP FIX can be used as reference and validation data for product and credit control, risk management and mark-to-market of positions. ICAP FIX is derived from its global voice and electronic broking operations covering more than 50 countries from 26 locations in the three key trading zones.
Antoine Kohler, managing director of information services at ICAP, said: “ICAP data is often a key source of information in pre- and post-trades services. ICAP FIX was developed to allow easy retrieval and verification of key data and to offer market participants unparalleled access to key independent and verifiable pricing data for over the counter instruments.
“We added a level of flexibility for some of the data sets in the major currencies to cater for a range of institutions having processes running at different times. This release is the first phase of what will be a growing service with additional currencies, terms and asset classes to be covered.”
