June 30, 2014

Thomson Reuters and ICAP renew exclusive, multiyear deal and expand the 19901 service for swap rates

LONDON – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, and ICAP Information Services (IIS), the information business of ICAP plc, today announce the renewal of a distribution agreement which adds new electronic data sources to the 19901 service – an established reference source for USD interest rate swaps and US Treasuries.

The 19901 service now provides Thomson Reuters clients with exclusive access to a leading swap data service using the following ICAP data sources: i-Swap, the electronic platform powering ICAP’s swap execution facility (SEF); the voice brokered “request for quote” swap market; and executable prices for US Treasury securities from fixed income electronic trading platform BrokerTec. As such, market participants using Thomson Reuters Eikon, the company’s flagship financial markets desktop, can continue to view prices and trading flow from these established industry platforms.

“By partnering with ICAP we offer our clients meaningful reference data to help them understand risk taking and inform their daily decision making,” said Abel Clark, Thomson Reuters managing director for FX, credit and fixed income and equities. “We look forward to continuing this relationship with ICAP, which we believe benefits all our clients and the wider market as a whole.”

“An ISDA reference source for USD interest rate swap contracts, the 19901 service has long provided interest rate swap price discovery,” said John Nixon, Group Executive Director, Americas and Chairman of i-Swap, ICAP. “The inclusion of i-Swap SEF data reflects the new era of electronic swaps trading as 19901 continues to assist traders, compliance professionals, risk managers and investment professionals identify where fixed income instruments may be priced.”


Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com/


ICAP Information Services

ICAP Information Services 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. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.