Zeliade adds Markit CDS pricing to credit analytics

Source: Zeliade Systems

Zeliade Systems, a software and services company active in the financial derivatives markets, today announced that it has integrated Markit Group Limited's Credit Default Swap (CDS) pricing into their flagship product Zeliade Credit Analytics.

Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. Zeliade Systems is a certified member of the Markit Alliance Program.

Markit CDS pricing is available to the firms' mutual clients through a dedicated market data management module that provides one-click access to selected data extracts from third party data providers such as Markit.

This new functionality significantly enhances mutual clients' credit derivative trading and risk management systems. Users of Zeliade Credit Analytics are now able to access over 12,500 daily CDS curves on over 2,600 individual entities, as well as comprehensive credit index reference data. The combination of Markit's high quality pricing with Zeliade Credit Analytics' superior calibration engine provides reliable and consistent model parameters for pricing and risk computation.

Claude Martini, Founder and CEO of Zeliade Systems, said: "Our clients, who are trading and risk management professionals at financial institutions, demand the highest standards for critical aspects of their businesses. We can now provide seamless integration of Markit's high quality data with Zeliade's smart applications which creates significant value for clients as it saves time and reduces risk."

Nicola von Schroeter, Managing Director of Partner Sales at Markit, commented: "Zeliade Systems' integration of Markit's benchmark pricing will enhance mutual customers' risk management and data capabilities by providing them with accurate, independent credit pricing coupled with sophisticated analytics."

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