Source: Markit
Tamesis has now integrated Markit Data and Markit RED (Reference Entity Database) into its Credit Trader platform, providing customers with access to the leading industry source for independent asset valuation data, used by global financial institutions for price verification and risk management purposes.
Tamesis is a leading provider of credit derivatives trading and risk management solutions to both buy-side and sell-side institutions.
Markit Data provides accurate, independent mark-to-market daily pricing, drawn from over 45 contributing financial institutions, for cash securities, CDS, convertibles and syndicated loans. Markit RED is the industry standard for reference entity names, reference obligations and codes used throughout the credit default swap markets.
Mark Hunt, Director of Product Development at Markit, said, "The rapid development of the credit markets requires customers to have access to quality data and increasingly sophisticated platforms in order to manage the pricing and risk associated with their credit trading operations. By working with Tamesis, we can help customers with price discovery which will benefit both those looking to enter the credit markets as well as those planning to develop their presence."
Chris Roye, Global Head of Sales at Tamesis said, "Many of our clients are looking for a complete, integrated solution for credit trading. Partnering with Markit enables us to provide high quality data coupled with market-standard reference entity and reference obligation data. The combination of market-leading data and award winning technology is an important step towards providing a complete "best of breed" solution to the credit trading community."