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Wednesday, April 22

CMA Enhances Sovereign Credit Risk Management

by Sean Sprackling on Wed 22 Apr 2009 17:16 BST

London, 22nd April 2008: CMA, the credit information specialist, today announced the release of the DataVision sovereign CDS data pack. The pack offers same-day price verification data for CDS referencing international government and US state debt as well as extensive risk and liquidity metrics and implied ratings. Pricing is sourced from DataVision's unique buy-side, consensus based model.

The release follows high demand for independent CDS pricing data on sovereign names from traders, central banks and risk managers as levels of government debt have risen as a result of stimulus measures taken on by governments around the world. The package will enable effective risk management of government bond exposures, accurate daily valuations of sovereign CDS positions as well as informing FX trading strategies.

Laurent Paulhac, CMA's Chief Executive, commented "Sovereign CDS levels have come into increasing focus in recent months as government driven rescue packages have transferred risk from the corporate ... more »

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Friday, April 17

SciComp Enhances Derivatives Pricing Software With v5.0 Release of SciFinance

by Sean Sprackling on Fri 17 Apr 2009 10:07 BST

SciComp Speeds Derivatives Performance with New Parallel Code Styles and SciXpress Features

AUSTIN, Texas, April 16 /PRNewswire/ -- Rapid response to new market opportunities is critical for financial institutions in today's markets. The derivatives market requires fast model development and accelerated execution speeds for derivatives pricing models. SciComp Inc. has enhanced SciFinance, its flagship derivatives pricing software, to help quantitative developers significantly shorten model development time and create models with fast execution speeds. SciFinance 5.0 features automatic parallel Monte Carlo code generation and a more concise specification dialect, SciXpress, for PDE (partial differential equation) models.

"New over-the-counter (OTC) contracts or new market conditions require new pricing models, and our customers must respond by producing models rapidly, but with the attention to detail required for accurate results," said Curt Randall, executive vice president of SciComp. "SciFinance was developed to replace days or weeks of error-prone hand coding and debugging; ... more »

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Wednesday, April 8

CMA Announces Alliance With Pricing Partners English / French Version

by Sean Sprackling on Wed 08 Apr 2009 14:29 BST

PRESS RELEASE - FOR IMMEDIATE RELEASE

London, 8th April 2009: CMA, the credit information specialist, and Pricing Partners, the independent provider of valuation analytics, today announced a strategic partnership to provide a powerful combination of credit market pricing data and analytics to OTC credit market participants. The deal will integrate CDS price data from CMA's market-leading, buy-side consensus based CDS pricing service, DataVision, with Price-it Excel, a multi-asset class pricing platform from Pricing Partners, allowing Price-it users access to the most trusted CDS data in the market.

Commenting on the deal, Eric Benhamou, Chief Executive of Pricing Partners said "We are delighted to partner with CMA.
The accuracy of pricing models is dependent on the quality of the underlying data and DataVision is widely known and respected for its precision and timeliness. We see it as premium fuel for the high-performance machine our clients use to quickly and confidently value ... more »

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