Singapore, London, New York, 27 January 2015 – ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that ICAP Information Services (IIS), the information division of ICAP, has partnered with Wind Information Co., Ltd (Wind Info), a leading provider of financial data, to provide offshore Chinese renminbi (CNH) and US Treasury data to the Chinese market.
As a result of the partnership, Wind Info’s clients that include securities, fund management, investment and insurance companies, banks, financial research institutions and regulatory committees, will have access to offshore market data for the first time. Clients will be able to access USD/CNH Fwd, USD/CNH Spot, USD/CNY NDF, US Treasury EOD data via Wind Financial Terminals (WFT), 24 hours a day, seven days a week.
Kevin Taylor, Managing Director, IIS, said: “In a new era of financial regulation, the importance of high-quality, transaction-backed data continues to grow. We’re extremely pleased to form a key alliance with Wind Info, the biggest data provider in China, to provide this new product to the local financial markets.”
Yan Lei, President of Fixed-income Division, Wind Info, said: “Wind Info is constantly looking to extend its services across the financial markets and we are thrilled to be partnering with IIS to provide offshore Renminbi and US treasury data to our clients. As the world’s largest interdealer broker, ICAP will be providing us with reliable and accurate prices that are truly global and reflective of the markets that they operate in.”
IIS is the market data & price information division of ICAP Group and delivers independent OTC data solutions to financial professionals for real-time, end-of-day and historical products. ICAP’s data is the intelligence behind algorithmic trading, research models, risk and compliance applications and portfolio pricing and management. With volume traded by ICAP from over 30 countries being fed into our data products, IIS delivers 96,000 instruments generating over 300 million updates per day.
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IIS sits within ICAP’s Post Trade Risk and Information division which provides 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. Group companies provide services that match buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.
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.