As promised here's the press release from Reuters:

• London - 27 September 2007
• Reuters (LSE: RTR; NASDAQ: RTRSY) and Markit today announced a wide-reaching content distribution deal for their customers. Users of Reuters’ premium desktop, 3000 Xtra, will now gain access to Markit’s comprehensive range of Credit Default Swap (CDS) ...   more »

News in the FT today that Reuters and Markit have made a deal that will allow CDS prices to be distributed over Reuters terminals. This will markedly increase the level of transparency of this data by offering intra-day pricing of CDS to the estimated 100,000 users Reuters screens. No actual ...   more »

Interesting news from the latest ISDA conference in New York (see press release below). Note though that although the market for credit derivatives has grown by 32% this actually represents a slow down. This would be mitigated by the fact that, as the credit squeeze tightened in July (which are ...   more »

Contagion has now, it appears spread into the MV CDO market. These CDOs, that differ from their their more abundant CDO cousins (see explanations below) are more sensitive to changes in portfolio value, thus as the price of mortgage-backed securities has fallen this has triggered asset sell-offs. This type of ...   more »

Thunderhead, the leading provider of enterprise communications solutions, has announced that it has signed a partnership agreement  with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to automate OTC derivative post-trade processing using FpML (Financial products Markup Language) messages transported over SWIFTNet, SWIFT’s IP-based messaging platform.

Thunderhead’s ability to ...   more »