NEW YORK, July 15, 2013 /PRNewswire/ -- S&P Capital IQ, a leading provider of multi-asset class research, data and analytics, today announced a long-term, strategic agreement with Tullett Prebon Information (TPI), part of Tullett Prebon, one of the world's largest inter-dealer brokers. The deal covers broad use rights across all business units and divisions of S&P Capital IQ's parent company, McGraw Hill Financial (NYSE: MHFI), including S&P Capital IQ, Standard & Poor's Ratings Services, S&P Dow Jones Indices and Platts. The terms provide for expansive use and redistribution of TPI data by MHFI companies.
Historically, TPI has been a provider of OTC inter-dealer broker data to S&P Capital IQ, an important component for the firm's award-winning securities valuations and pricing businesses. As S&P Capital IQ has grown and acquired and integrated other businesses, including R2 Financial Technologies, QuantHouse and CMA in 2012, company leaders recognized the need to expand licensing of TPI products within the organization to broaden the scope of TPI data use. Under the new agreement, all MHFI companies can now utilize numerous TPI datasets in a variety of ways, both internally and externally, to develop and sell new products to the financial markets.
In addition to extending the scope of use and distribution rights of many TPI datasets within MHFI, the agreement also allows for the creation of derivative works and redistribution. Among data sets included are interest rate swaps, USD muni swaps, cross-currency swaps, forward rate agreements, government bond data, government benchmark bills, mortgage backed securities, spot foreign exchange, and more. The distribution rights also enable S&P Capital IQ to make TPI data available to meet growing demand from customers for application usage of data.
"We are pleased to broaden our relationship with S&P Capital IQ as a new distribution channel for a broad spectrum of our data products," said Frank Desmond, Managing Director, TPI. "S&P Capital IQ's established presence in the global marketplace will enable a whole new audience to draw on TPI's high quality and comprehensive content through a variety of applications.""As we expand our products and services within S&P Capital IQ and across McGraw Hill Financial, TPI data presents an opportunity for us to offer an even broader set of high quality content to our clients via many different delivery mediums, including desktops, mobile applications, APIs and datafeeds," added Jonathan Reeve, Executive Managing Director, S&P Capital IQ. Bob Magri, Managing Director, S&P Capital IQ said, "In the ever-evolving landscape of our industry, it's exciting to see two key players come together to forge such an expansive and strategic alliance. We believe this new direction will yield benefits to both firms and our clients for quite some time." About Tullett Prebon Information Tullett Prebon Information ( www.tpinformation.com) is a leading provider of independent real-time price information from the global OTC financial and commodity markets. Tullett Prebon Information delivers the highest-quality independent price data using state of the art technologies and data publication standards covering major markets including Rates, Fixed Income, FX and Money, Volatility, Energy, Inflation, Credit and Equities. Tullett Prebon Information's data is relied upon by customers in over 40 countries. About S&P Capital IQ S&P Capital IQ, a part of McGraw Hill Financial is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit: www.spcapitaliq.com. About McGraw Hill Financial McGraw Hill Financial (NYSE: MHFI), a financial intelligence company, is a leader in credit ratings, benchmarks and analytics for the global capital and commodity markets. Iconic brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power, McGraw Hill Construction and Aviation Week. The Company has approximately 17,000 employees in 27 countries. Additional information is available at www.mhfi.com S&P Capital IQ, as well as its affiliates, directors, officers shareholders, employees or agents (S&P Capital IQ) are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for any results obtained from the use of the Content described herein, or for the security or maintenance of any data input by the user. The Content is provided on an "as is" basis. S&P Capital IQ and its affiliates DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT'S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.