This agreement replaces and significantly extends both Telerateâs and Reuters previous agreements with ICAP. It maintains Telerateâs exclusive distribution arrangement for the BrokerTec US Treasury pricing and swaps data found in Telerateâs âbenchmark pagesâ (in particular pages 500 and 19901), which will be extended to Reuters users. The arrangement also includes new data sets that ICAP has previously not made available to either company including information relating to energy, commodities, credit, fixed income and interest rates.
This content will be available to the Reuters and Telerate client base starting from today.
Tom Glocer, Reuters CEO, said: "Reuters is delighted to be extending and enhancing our relationship with ICAP. The ICAP agreement follows a raft of major initiatives at Reuters including the acquisition of Telerate and the launch of fixed income and foreign exchange trading over Reuters desktops. We believe the combination of the high quality content from ICAP, the new Telerate community and Reuters own leading data and trading capabilities will set us apart and bring our customers a winning solution."
Michael Spencer, Group CEO, ICAP, commented: "ICAP believes that the Reuters acquisition of Telerate will be seen as very positive for the marketplace. With the additional ICAP information, inclusive of the US Treasury prices, and Reuters impressive distribution capabilities, their clients will now be able to access ICAPâs benchmark data. We look forward to continuing our successful and long standing relationship with Reuters."
This agreement follows an earlier announcement issued today in which Reuters announced it has completed its acquisition of Telerate. Terms of the agreement were not disclosed.