In the US, ICAP is the first authorised broker for derivative transactions based on the Residential Property Index™ (RPX™).
Developed by the analytics and data company Radar Logic Incorporated, RPX tracks owner-occupied housing in 25 US metropolitan statistical areas (MSAs). RPX prices are measured by price per square foot and updated daily.
As part of a joint venture agreement with Radar Logic, ICAP has been appointed the authorised broker to conduct the market fixing of residential property derivatives prices. The ICAP Radar Logic fixing will be established on a daily basis and will use a similar polling methodology as ICAP employs in other fixing and market benchmarks, such as ISDAFIX® swap fixing.
To contact the US Property Derivatives team e-mail andrew.samawi@us.icap.com.
Telephone number: + 1 212 815 7424
Learn about Radar Logic and RPX
