NEW YORK, Nov. 25, 2015 /PRNewswire/ -- Interactive Data, a trusted, global provider of financial market data, analytics and related services announced today that its Consolidated Feed now provides normalized swap data from the four principal SDRs.
Dodd-Frank and EMIR rules require that certain trades of credit, interest rates, commodities and foreign exchange derivatives must be reported to a Swap Data Repository (SDR) within a certain timeframe post-execution, and that the data must be made publicly available. However, accessing and collating that data from the SDRs globally is a time and resource-intensive process in its own right, even before the more complex and costly challenge of analyzing and categorizing the data begins.
GTRA aggregates and normalizes commodities, energy, credit, fx and interest rate data from the four principal SDRs – namely Bloomberg, the Chicago Mercantile Exchange (CME), Depository Trust & Clearing Corporation (DTCC) and Intercontinental Exchange (ICE) – and has created a feed of that data which Interactive Data is exclusively redistributing via its Consolidated Feed.
"Interactive Data continues to invest in differentiated, critical content for its clients who are operating in a challenging regulatory environment with its associated reporting complexities," noted Shai Popat, Vice President EMEA, Trading Solutions at Interactive Data. "This exclusive deal with GTRA, which allows us to offer this trade data to our Consolidated Feed clients, is important at a time when regulation continues to impose operational burdens on them," he added.
"The GTRA product augments the data set available to financial markets by adding the new dimension of aggregated OTC derivative trades across a range of asset classes. The data can help market participants to monitor actual trading activity, from instrument overview down to the contract level and help facilitate identification of liquidity pockets, or holes, for a wide range of derivative contracts," said Antonio Castagna, Senior Consultant at Iason Ltd. "Moreover, the data can play a crucial role in the understanding of, and compliance with, regulatory obligations. We are delighted to be collaborating with Interactive Data. We believe they provide a highly effective way to distribute these SDR data," he added. (Iason Ltd is the owner of GTRA's intellectual property.)
About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management.
Pricing, evaluations and reference data are provided in the US through Interactive Data Pricing and Reference Data LLC and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
For more information about Interactive Data please visit: www.interactivedata.com.
About Global Trade Repository Analytics (GTRA)
GTRA has been developed by Financial Machineries, a division of Iason Limited, a leading provider of solutions for financial institutions, covering market, credit and liquidity risk management; it also develops methodologies for derivative pricing, collateral management and ALM.
Iason is the owner of the intellectual property of GTRA.
For more information about Iason and the latest research, please visit www.iasonltd.com
SOURCE Interactive Data Corporation