Aggregated, Cleansed and Normalized Data from Four Principal Swap Data Repositories (SDRs) Reduces Collection Burden on Participants
Interactive Data, a trusted, global provider of financial market data, analytics and related services announced today that, in collaboration with GTRA, 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 it begins.
GTRA have aggregated cleansed and normalized data from the four principal SDRs – namely Bloomberg, the Chicago Mercantile Exchange (CME), Depository Trust & Clearing Corporation (DTCC) and Intercontinental Exchange (ICE) – and have produced a real-time feed of this data which is now available exclusively via Interactive Data’s 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 valuable trade data to our Consolidated Feed clients in a way that is usable and actionable, is important at a time when regulation continues to impose operational burdens on them,” he added.
“The GTRA product completes 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 allow market participants to monitor actual trading activity, from instrument overview down to the contract level and identify liquidity pockets, or holes, for a wide range of derivative contracts,” said Antonio Castagna, Senior Consultant at Iason Ltd. “Additionally, the data are a crucial component in the understanding of, and compliance with, regulatory obligations. We are delighted to be collaborating with Interactive Data as we believe they guarantee the most effective way to distribute SDR data collected, cleansed and arranged in a unified format by GTRA,” he added. (Iason Ltd is the owner of GTRA’s intellectual property.)
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