Selerity, a provider of real-time event data solutions for the financial services industry announced today an agreement with Standard & Poor's (S&P) to deliver low-latency credit rating announcements in a machine-readable format.
Clients using the Selerity Platform will now have access to breaking credit-related announcements from S&P, including ratings on public companies, along with developed and emerging sovereign nations globally.
An opinion passed down from analysts at S&P to adjust the rating or outlook on a corporate debt or sovereign nation can have noticeable market implications. By aligning this breaking event data with existing structured content sets, Selerity clients should be able to more effectively manage risk and capitalize on a broader mix of trading opportunities.
Automated market makers and programmatic-event traders can benefit from the expanded global coverage, allowing them to take a variety of actions in response to a ratings announcement.
"Government spending and the need for austerity measures have contributed to recent volatility across the financial markets," said Ryan Terpstra, Founder and CEO of Selerity. "We are pleased to announce our agreement with S&P during this period of uncertainty, so we can ensure our clients have a 360° view of critical breaking events, straight from the source."
"Breaking credit events can have an immediate impact on trading," said Brendan Gilmartin, Vice President of Research & Content at Selerity. "Take for example the recent string of sovereign debt downgrades and their instant effect across all asset classes."
"This agreement helps ensure that our market-leading credit events data and commentary is easily accessible to active market participants," said Jonathan Reeve, Executive Managing Director for S&P's Global Data Solutions. "In the current market environment, where economic, corporate and world events can swing markets wildly in an instant, immediate access to the insights and opinions of S&P's credit analysts are an enormous competitive advantage," added Rui Carvalho, Managing Director for S&P's Global Data Solutions.
The S&P credit actions that will be included on the Selerity Platform include Upgrades and Downgrades, Changes in Outlook and Credit Watch Status (Positive/Negative) for Corporates, Financial Institutions, Insurance, Structured Finance and Governments, including Sovereigns. All S&P data and commentary available on the Selerity Platform is derived from S&P's Global Data Solutions, where finance professionals around the world turn for the coverage, quality and experience they need to support pre-trade to post-trade activities.