CMA, the credit information specialist, and Pricing Partners, the independent provider of valuations analytics, has announced a strategic partnership to provide a combination of credit market pricing data and analytics to OTC credit market participants.
The deal will integrate CDS price data from CMAs 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.