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CMA Announces Alliance with Pricing Partners - Apr 09

 

Pricing Partners Derivatives-Pricing-Analytics-Independent-Valuation    Pricing Partners CMA

CMA Announces Alliance with Pricing Partners  

London, 07 April 2009: CMA, the credit information specialist, and Pricing Partners, the independent provider of valuations analytics, today announced a strategic partnership to provide a powerful combination of credit market pricing data and analytics to OTC credit market participants. The deal will integrate CDS price data from CMA’s market-leading, buy-side consensus based CDS pricing service, DataVision, with Price-it Excel, a multi-asset class pricing platform from Pricing Partners, allowing Price-it users access to the most trusted CDS data in the market.

Commenting on the deal, Eric Benhamou, Chief Executive of Pricing Partners said “We are delighted to partner with CMA. The accuracy of pricing models is dependent on the quality of the underlying data and DataVision is widely known and respected for its precision and timeliness. We see it as premium fuel for the high-performance machine our clients use to quickly and confidently value their credit derivative positions in Price-it Excel.”
 
Laurent Paulhac, CEO of CMA said “CMA is committed to providing greater transparency and operational efficiency in the OTC credit markets. It is important for us that our clients can consume the data they need via the platform of their choice. Combining data from CMAs buy-side consortium with Pricing Partners’ technology enables market participants to apply the most reliable CDS data to a wide variety of trading and risk management functions.”

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, risk management and analytics. It is sourced from over 30 buy-side firms including leading Hedge Funds, Asset Managers and the buy-side desks of global Investment Banks.
 

QuoteVision, the market leading real time OTC credit market price discovery service, scans free form messages, extracts pricing information, and stores it in a client side database. QuoteVision covers a broad range of asset classes; quotes are matched to industry standard ISIN codes, so traders can be sure that prices are correctly identified. QuoteVision’s proprietary artificial intelligence based parsing service combined with CMA’s data editorial team ensures that QuoteVision continuously recognises new securities, tickers, entities and name changes resulting from corporate actions. 
 

Price-it Excel is an analytics and pricing library that uses a generic payoff language that allows it to price almost any derivative product. It is widely used by risk managers, hedge funds, asset managers and the buy side community to value independently derivatives portfolios and assess overall risks using Greeks and Var/CVaR measures, providing greater transparency in the OTC markets.
  

About Pricnig Partners

Paris based Pricing Partners was founded by former traders to provide accurate solutions for derivatives valuations, pricing and analytics. Pricing Partners provides independent valuations on a wide variety of exotic and vanilla assets via its Price-it platform. Price-it Excel is an analytics and pricing library that uses a generic payoff language that allows it to price almost any derivative product. Price-it supports VaR, CVaR and most common risk management tools. Pricing Partners is the only company completely mastering the valuations chain, giving its clients very accurate and reliable valuation as a result of its intrinsic knowledge of the pricing tools. Pricing Partners solutions can be used by investment banks, buy side firms, hedge funds, financial departments, trading rooms and audit firms.

About CMA

CMA pioneers ways to improve the effectiveness of credit market professionals. CMA’s real-time pricing service (QuoteVision) data (DataVision) and quantitative analytics (AlphaVision) are used by investment professionals in over 130 leading investment banks, hedge funds and asset managers worldwide to improve trading performance and provide valuable information, not only for front-office but also risk, finance and research groups. CMA DataVision is available to more than 260,000 users worldwide via the Bloomberg Professional® service (CMA <GO>). Founded in 2001 by credit specialists, CMA (www.cmavision.com) has offices in London and New York and is a wholly owned subsidiary of CME Group – the world’s largest and most diverse derivatives exchange.

QuoteVision and DataVision are trademarks of CMA.

For further information please contact Simon Mott: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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