Icap Preps Bond Pricing Service, Taps Interactive Data Evaluations

Changing bond market conditions require a new breed of pricing solutions, officials say.

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Icap will offer the service via its BrokerTec multilateral trading facility platform, using Interactive Data's Continuous Fixed Income Evaluated Pricing service, which provides a stream of continuously updating evaluated bond prices to support price discovery and trade ideas.

Dean Berry, head of e-commerce at Icap, says the reduced liquidity in corporate bond trading as a result of more regulation and market conditions, requires new kinds of pricing solutions, adding that following positive clie