CreditTrade signs Reuters distribution deal

CreditTrade signs Reuters distribution deal

CreditTrade has signed an agreement to distribute its benchmark credit derivatives data over Reuters' premium products, including the 3000 Xtra desktop service.

Under the deal, subscribers will be able to view and download CreditTrade's credit default swap (CDS) data.

The service gives real-time closing bid and offer prices for over 270 liquid names in the CDS market.

Krishna Biltoo, head of information services, CreditTrade, comments: "Our high quality credit derivatives data added to Reuters leading bond price feeds offers a uniquely useful data set, all delivered in Reuters industry standard format."

CreditTrade says its benchmarks data is available on an on-going subscription basis and historical CDS data is also available.

The announcement follows CreditTrade's recent successful third round of investment funding, which raised $9 million. CreditTrade has also recently announced data agreements with RiskMetrics Group and Reech Capital.

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