CMA, the credit information specialist, and NumeriX, the award-winning, independent leader in pricing and risk analytics across all asset classes, today announced a strategic partnership to provide a powerful combination of market leading analytics and data to over-the-counter (OTC) credit market professionals.
The joint solution provides users with the most comprehensive credit data and richest credit analytics in a single integrated platform.
The challenge for traders in the over-the-counter credit market is obtaining a complete dataset for a true view of the market and incorporating analytics for accurate pricing of credit derivatives. In today's uneasy market, investment firms realize the key to success is gaining insight into how a trade will perform in the market without sacrificing speed and accuracy. CMA DataVision users now have a direct link to NumeriX's analytics for complete coverage when bringing a trade to the credit markets.
"This strategic partnership with CMA resulted from increased customer demand for a more complete data set for modelling and structuring derivatives in volatile markets," said Steven R. O'Hanlon, President and COO of NumeriX. "Combining credit data and analytics by linking CMA DataVision with our NumeriX 6 and NumeriX Portfolio products will empower traders to quickly and efficiently structure complex products without fear."
CMA DataVision is a high quality same day consensus-based price verification data service for CDS, Indices and Tranches, used primarily for mark-to-market, flash P&L, research and analytics. 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 to partner with NumeriX to ease the integration and enhance the choices for data analysis for our mutual clients. 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.