Reuters, an information company, has announced that its evaluated pricing service available on Reuters DataScope Select now releases bespoke valuations for IRS, CDS, CDX and CDS deals at premium and end of day time points.
Delivering prices at 4pm and 6pm New York time (and 4pm and 6pm London time), Reuters provides both sell-side and buy-side customers with the data needed to promote STP throughout the front- and back-offices and ensure accountability and compliance to investors and regulators alike, says the firm.
CDS Evaluations are based on credit curves that are updated by 4pm London time and at 3pm/4pm New York time. The Reuters evaluation team work across a range of broker dealers to obtain quotes and up to date credit movements. IRS evaluations are based derived from swap rates obtained from Reuters' dealer contribution network.
"Reuters' expansion into derivatives is part of our commitment to the industry in pricing and reference data. Our goal is to supply our customers with comprehensive coverage, timely delivery, and accurate evaluations," says Karl Mackelburg, global head of evaluated pricing and structured products.