Derivatives software firm Zeliade Systems says it has integrated Markit Group Limited’s Credit Default Swap (CDS) pricing into its flagship product Zeliade Credit Analytics.
Markit provides data, portfolio valuations and OTC derivatives trade processing services. Zeliade clients will access it via a dedicated market data management module that provides access to selected data extracts from third party data providers such as Markit. Zeliade claims the new functionality significantly enhances clients’ credit derivative trading and risk management systems by giving them access to over 12,500 daily CDS curves on over 2,600 individual entities, as well as comprehensive credit index reference data.
The combination of Markit’s high quality pricing with Zeliade Credit Analytics’ superior calibration engine provides reliable and consistent model parameters for pricing and risk computation, says the company in a statement.
“Our clients, who are trading and risk management professionals at financial institutions, demand the highest standards for critical aspects of their businesses,” says Claude Martini, Founder and CEO of Zeliade Systems. “We can now provide seamless integration of Markit’s high quality data with Zeliade’s smart applications which creates significant value for clients as it saves time and reduces risk.”
Nicola von Schroeter, Managing Director of Partner Sales at Markit, says Zeliade Systems’ integration of Markit’s benchmark pricing will “enhance mutual customers’ risk management and data capabilities by providing them with accurate, independent credit pricing coupled with sophisticated analytics.”