DST International (DSTi), a provider of business solutions for the financial services industry has enhanced its Risk Management and Performance Measurement Application Service Provider (ASP) service to allow provision of CDS, bond and index pricing data from Markit Group Limited to mutual customers.
Markit Group Limited (Markit) is a provider of independent data, portfolio valuations and Over-the-Counter (OTC) derivatives trade processing to the global financial and commodities markets.
DSTi’s Risk Management service (formerly known as Askari) offers the calculation of market and credit risk analytics across all asset classes. It provides the market leading solution for historic, parametric, Monte Carlo and deterministic simulation based methodologies for analytic calculation.
DSTi’s Performance Measurement service fully supports GIPS standards and offers a highly scalable flexible returns and attribution engine calculating time weighted rate of return, money weighted rate of return, modified BAI and 6 attribution methodologies.
“The ASP based model for delivering software and information together is proving very attractive to customers and we are delighted to assist DSTi in providing this service,” says Mark Hunt, the Director of Product Development at Markit. “It will help develop the credit derivatives market further and will have particular appeal to the hedge fund community. The combination of DSTi’s products with the independence and quality of Markit’s data will provide the calculation environment that clients demand.”
“Our ASP service allows clients to focus on their business rather than application systems or data management,” adds John Kirkby, the Head of Market Data Systems for DSTi. “The inclusion of data from Markit into DSTi’s ASP, allows our mutual clients to benefit both from this service provision and also the quality and coverage of Markit’s data.”