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Tullett Prebon Information (TPI) and Yonhap Infomax have extended their partnership to add OTC data to their feed service directly to local financial institutions. The new option includes OTC data for swaps, fixed income and foreign exchange instruments.

Yonhap Infomax will deliver TPI data to users through its feed services, plugging directly into third-party and customer applications, according to a statement. “With this enhanced access to TPI’s OTC data, South Korean financial institutions can benefit from a broader selection of sourcing channels, empowering TPI’s customers with further flexibility in their procurement and partnership decisions,” the statement said.

Rhys Spencer, regional sales manager – Asia, TPI said: “We’ve seen a marked increase in use cases for OTC data in the South Korean market. This, coupled with the desire from local firms to source pricing data via their preferred delivery partners, has strengthened our collaboration with Yonhap Infomax. We continue our long-term commitment to serving South Korean institutions by providing more variety in how TPI data can be sourced. Together, we are ensuring that Yonhap Infomax users have the critical pricing and instrument data they need to innovate, as well as elevate middle and back-office processes.”

Ki Eok Tschoe, managing director, Yonhap Infomax said: “Following our success in providing financial information and news through our Infomax terminals, we are now excited to be expanding into new business areas. Yonhap Infomax has maintained a strong partnership with TPI and we look forward to even closer collaboration in future. This partnership means we can provide data from TPI directly via Yonhap Infomax to South Korean financial institutions. One of our key goals is to ensure that both companies benefit from the development of additional opportunities.”

TPI said that it sees acute requirement for partnerships in Asia-Pacific’s fragmented financial markets.

 

by Parnika Sokhi
Senior Regional Correspondent (India, Middle East & ASEAN)
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