Fitch Solutions, a division of the Fitch Group, is pleased to announce it now provides credit default swaps (CDS) pricing data to the vwd group, a leading European provider of innovative, custom-tailored information, communication and technology solutions to the securities industry.
The CDS pricing data will give vwd clients enhanced transparency into the global CDS market and also extends Fitch Solutions' existing relationship with vwd, who have provided access to Fitch's credit ratings since 2003.
"As the credit crisis has evolved, our client base has become increasingly focused on developments in the CDS market," said Sabine Alvarez, Executive Director vwd group Content. "Fitch Solutions is a leader in this area and their pricing data will help our clients to further improve their risk management processes," Alvarez added.
Ian Rothery, Fitch Solutions' Global Head of Third-Party Distribution and Partnerships said, "vwd is a key market player and this distribution deal will develop wider market access to Fitch's CDS pricing data. We are delighted to be extending our working relationship with vwd."
The CDS pricing data covers up to 3,000 global single name CDS contracts.
Since October, vwd users can access Fitch Solutions' CDS pricing date via vwd market manager and vwd market manager (web).