"We looked at a number of data providers but were impressed at the levels of service and support we received from CMA during the trial. DataVision proved to be the most flexible and cost effective solution, particularly as we agreed on a group license," said Robert Morocutti, Team Leader, Middle Office. "RCM has been actively investing in the CDS market for a year and a half and our middle office and risk teams required a consistent and reliable source of pricing data. DataVision will enhance our ability to calculate theoretical prices on CDS and indices and determine value at risk in our portfolios. The CDS market is growing at a phenomenal rate and DataVision will ensure our fund managers and risk teams have a clear view of the market as it develops."

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.

Data is based on observed real-time indicative prices from a consortium of 30 buy-side firms including Hedge Funds, Asset Managers and the buy-side desks of leading global Investment Banks. DataVision is used for a range of functions, including valuations, research, modelling and risk management.

Laurent Paulhac, CMA's CEO said: "Recent volatility and uncertainty in the credit markets has increased investor appetite for dependable daily pricing information that can power accurate portfolio valuations and risk analysis. Institutions need robust, accurate prices that make sense for their fund managers and risk controllers as well as their investors and administrators.
DataVision's unique consensus-based buy-side consortium pricing model is trusted by the most sophisticated investing institutions in the world as it is based on observed market prices from investing institutions. We are thrilled that RCM endorsed DataVision from the various options open to them."