Interactive Data, the global financial market data platform recently acquired by Intercontinental Exchange, now includes more data on energy markets and swaps trading.
The company announced a partnership with Platts in November that will enhance the energy data available through its FutureSource service. Platts data on biofuels, carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, shipping and sugar markets are now available.
Also in November, IDC announced a partnership with Global Trade Repository Analytics, a recently developed service that collects and aggregates data from the four principal swap data repositories: Bloomberg, CME Group, Depository Trust & Clearing Corporation and Intercontinental Exchange. GTRA was developed by Iason, an Italian company that specializes in providing risk management solutions for derivatives.
Under the terms of the deal, IDC will redistribute GTRA data to its clients, providing them with access to a single source for swap trading data. IDC explained that accessing and collating these data from each of the four SDRs is a time and resource-intensive process, even before the more complex and costly challenge of analyzing and categorizing the data begins. GTRA aggregates and normalizes the data, making it more accessible for trading and regulatory compliance purposes.