Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Announcement

28454

Thomson Reuters teams with Dealerweb and ICAP on US Treasury and interest rate swaps pricing

RELATED TOPICS​

Thomson Reuters has enhanced the Reuters Capital Markets 19901 (RCM19901) service with pricing sourced through Dealerweb and ICAP, providing its fixed income trading clients with a global rates offering to further enable trading decisions.

This is the first time that Tradeweb’s Dealerweb pricing will be available to the market,  delivering robust pricing from leading market makers for the RCM 19901 service. Through this collaboration, Thomson Reuters trading clients will continue to have the same level of access to high quality data.
 
RCM 19901 enables clients to make effective evaluations using an extensive source of prices that assists with both portfolio and inventory management, along with trading opportunities.  RCM 19901 offers comprehensive US Treasury data from Dealerweb’s low latency central limit order book (CLOB), and USD interest rate swap and multi-currency information sourced from ICAP, a market leader in interest rate swaps data. This allows users to retrieve up-to-date pricing, reference, and valuation data, when and how they need it. Through the exclusive Dealerweb US Treasury data combined with Thomson Reuters’ existing OTC sources, Thomson Reuters offers the most comprehensive source for inter-bank data in the market. RCM 19901 data can be licensed for use in multiple formats for various functions including real-time individual desktop use, including through Thomson Reuters flagship financial desktop product Eikon, as well as real-time enterprise feeds or intraday snap shots. 
 
“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,” says Jamie Grant, global head of Fixed Income and Enterprise Market Data, Thomson Reuters .“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.”
 
Dealerweb is the wholesale and inter-dealer trading division of Tradeweb Markets, providing trading solutions for market participants that range from anonymous, electronic order books, to voice trading and processing.
 
“We look forward to providing on-the-run US Treasury data from our Dealerweb US Treasury marketplace to the Thomson Reuters RCM 19901 pricing service, a longstanding source of pricing information to the industry,” says Brian McElligott, Head of Data Strategy at Tradeweb Markets. “Dealerweb leverages advanced Tradeweb Markets technology to serve as an accurate source for real-time price intelligence for the leading participants in the wholesale US Treasury market.”
 
“We are pleased to be renewing and extending our relationship with Thomson Reuters to assist in providing high quality, independent financial information to our collective customer base,” says Eric Sinclair, CEO of Data & Analytics at TP ICAP. “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 US fixed income markets.”
 
Thomson Reuters provides the trading community with a full suite of data products and other capabilities to integrate high value content from OTC-traded markets directly into front-, middle-, and back office workflows.  Solutions include Thomson Reuters’ flagship desktop product Eikon, and Elektron Real Time low latency real time feed.

Latest News

According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..
New research published today by the CFA Institute Research and Policy Centre analyses the many..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by