CMA, the credit information specialist, today announced that CDO Software has integrated the CMA DataVision sameday CDS pricing data into CDO Software's CDO Tools suite of products.
"CDO Software is committed to work with market leading data providers to provide a much needed integrated and user-friendly platform that uses independent, accurate data to price and risk manage structured portfolios", said Sunay Shah, CEO of CDO Software. "CMA DataVision has the required breadth and quality; we are very pleased that our mutual clients can now seamlessly load CMA's independent prices into CDO Director, a single controlled and audited environment. This integration will help both CDO issuers and investors to reduce operational risks by using consistent data firm-wide and monitor exposures across portfolios, increasingly important under current market conditions."
DataVision is sourced from CMA's Data Consortium of 30 buy-side firms, including leading global investment banks, hedge funds and asset managers, who continuously provide average CDS spreads (single name CDS, indices and tranches) based on indicative observed quotes. DataVision is delivered by 5pm London and 5pm New York time, giving customers a timely market view and enabling more accurate mark-to-market and flash P&L analysis
"We are delighted that CDO Software has chosen to integrate CMA's DataVision into its cutting-edge technology. It is another step in CMA's plans to increase the efficiency of investment professionals by expanding the ways in which our clients can access and integrate CMA's services" said Laurent Paulhac, CMA's CEO.