TP ICAP Makes Africa OTC Data Available to the Market for the First Time


ICAP Information, part of TP ICAP, the world’s largest inter-dealer broker, has launched a first-of-its-kind data package covering African OTC markets. 

The new product will make data captured by ICAP’s long-established South African desk available commercially to the general marketplace for the first time, including many areas for which there has previously been no data available.

The information covers multiple asset classes including FX, fixed income and interest rates across a wide range of countries and regions throughout the continent, namely Botswana, Ghana, Kenya, Mauritius, Nigeria, South Africa, Tanzania, Uganda, and Zambia.

The release is the latest output from the closer relationship between TP ICAP’s Data & Analytics and broking divisions, as the company looks to increase the collaboration between its business units and diversify its product and client base. The information in the new offering will be beneficial to customers with exposure to the continent across a number of day-to-day activities, from the front-office, covering price discovery and accurate securities pricing, through to the middle and back offices including risk management, valuation and independent price verification.