27th Jan 2015 08:35
LONDON (Alliance News) - ICAP PLC Tuesday said its information division has partnered with financial data provider Wind Information Co Ltd to provide offshore Chinese renminbi and US Treasury data to the Chinese market.
In a statement, the interdealer broker, which has been developing its post-trade risk and information services operations, said the partnership means that Wind Info's clients, which include banks and fund managers, will have access to offshore market data for the first time.
"In a new era of financial regulation, the importance of high-quality, transaction-backed data continues to grow," Kevin Taylor, managing director, ICAP Information Services, said in a statement. "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."
ICAP shares were flat at 472.30 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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