SuperDerivatives selects Fitch for CDS pricing

Source: Fitch Solutions

Fitch Solutions, a division of the Fitch Group, is pleased to announce that SuperDerivatives (SD), the derivatives pricing benchmark and leading multi-asset front office system, has chosen Fitch's CDS Pricing Service to further strengthen its existing credit derivatives valuation solutions.

"As credit markets have evolved, CDS have become an integral part of the investment and risk management process," said Sasha Rozenberg, Head of Credit Derivatives at SD.

"In recognition of our clients' focus on this asset class, we are delighted to be working with Fitch Solutions to deliver insights into the CDS market," added Rozenberg.

Fitch's CDS Pricing Service helps users improve their risk management procedures and covers up to 3,000 single name CDS contracts using independent pricing data from the member banks of Fitch's global pricing services consortium.

Fitch's CDS pricing service also includes Fitch CDS Benchmarking for highly illiquid names, a tool which provides indicative spread values where there is insufficient market information to determine a consensus price based on market maker contributions.

"SD has an impressive track record in the global derivatives market and today's announcement will again expand market access to Fitch Solutions' pricing data, and is also further recognition of our position as a leading market data vendor," said Ian Rothery, Fitch Solutions' Global Head of Third-Party Distribution and Partnerships.

The CDS pricing data will be available to SD's clients as part of its valuation solutions for banks, corporations, fund managers, fund administrators, custodians and auditors.

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