London, 20 May 2008: CMA, the credit information specialist, today announced a partnership with New York based research and technology firm, Julius Finance to provide term structures for CDX and iTraxx index tranches. The deal combines observed data from CMA's unique buy-side consortium combined with the advanced mathematical modelling capabilities of Julius Finance's, JuliusBridgeTM service. The full data set will be accessible through CMA DataVision.
Ongoing volatility in the OTC credit market has lead to an increased demand from buy-side institutions for a market standard pricing model and this will be the first time that a consistently accurate, independent model for calculating notoriously complex tranche values has been made widely available.
"CMA is committed to providing greater price transparency in the OTC credit market," said Laurent Paulhac, CMA's CEO. "Combining data from CMA's buy-side consortium with the advanced technologies of Julius Finance empowers investors and risk managers with a more ... more »
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Tuesday, May 20
CMA and Julius Finance Enhance CDX and iTraxx Index Tranche Valuations
by
Sean Sprackling
on Tue 20 May 2008 09:33 BST
Markit introduces reference entity database licence for smaller buy-side firms
by
Sean Sprackling
on Tue 20 May 2008 07:43 BST
Source: Markit, 19 May 2008
Markit,
a leading provider of independent data, portfolio valuations and
over-the-counter (OTC) derivatives trade processing, today announced a
new freely available licence for the Markit Reference Entity Database
(RED), aimed at smaller buy-side firms. Markit RED is the industry standard for reference entity and reference obligation identifiers used throughout the CDS market to reduce legal and operational risk in trading, documentation and trade settlement. The service uses legal representatives in over 100 countries to source and scrutinise all relevant documentation to provide subscribers with a complete understanding of each entity. This initiative aims to support the commitments made by the Operations Management Group (OMG) to the New York Fed in ... more » |
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