Bloomberg adds CMA DataVision service to Professional desktop

CMA DataVision provides data for more than 2,000 single name CDS, indices and tranches uniquely delivered by 5pm London and 5pm New York time. The integration of CMA DataVision with existing credit derivatives analytics functions found on the BLOOMBERG PROFESSIONAL service solidifies Bloomberg's position as the leading credit derivatives platform.

Philippe Khuong-Huu, Managing Partner of Alphadyne Asset Management, describes this combination as "integrating the Bloomberg platform with the best credit derivatives data provider in the market. It is vital in adding both accuracy and transparency to the rapidly expanding credit derivatives market."

Rapid Expansion of the CDS Market

The credit default swaps sector is the fastest-growing derivatives market in the world, according to the Bank for International Settlements. Credit default swaps, which are contracts that allow investors to bet on a company's ability to repay debt, more than doubled in the past year to US$26 trillion, per the International Swaps and Derivatives Association. The CDS market has supplanted the bond market as the industry gauge for a borrower's credit quality.

CMA DataVision on Bloomberg: The Integrated Solution for CDS Pricing

The availability of CMA DataVision on Bloomberg is critical to the development of the CDS market. It brings full and extensive coverage of CDS prices directly to the more than 250,000 Bloomberg users around the world. "The CMA DataVision CDS price verification database has the breadth and quality that meets Bloomberg's rigorous standards. We are very pleased to be able to make this data available to all Bloomberg users at no extra charge, underscoring Bloomberg's commitment to continually add value to the all-inclusive single price BLOOMBERG PROFESSIONAL(R) service," said Russel Levi of Bloomberg. "The provision of independent, consensus-based OTC pricing information plays an important part in reducing risk and expanding the use of credit derivative products. The integration of this data with Bloomberg functionality such as the flagship valuation function, CDSW , makes Bloomberg the definitive tool for the CDS market."

"The addition of the comprehensive CMA DataVision with Bloomberg's unrivalled distribution will provide the credit market with a complete insight into credit market pricing," said Laurent Paulhac, CEO of CMA. "Bloomberg is the standard application on the desks of all credit market professionals. We are delighted that our presence on Bloomberg now presents our data to a wide audience, in line with CMA's objective of increasing the efficiency of the OTC credit markets. CMA DataVision subscribers are now able to access the bulk data set via Bloomberg's Datalicense or Datafeed API delivery platforms to power their own firms' proprietary and 3rd party systems."