Interactive Data Corporation expands OTC service
15 May 2012 London and New York
Image: Shutterstock
Interactive Data Corporation will expand its OTC derivatives valuation service to include independent evaluations of credit default swaps (CDS) and select CDS Indices.
The company, which provides pricing services, aims to enhance transparency, risk management and compliance practices.
"We believe that institutions worldwide will need to accelerate their investments in OTC derivatives valuations and the related technology infrastructure to respond to regulatory change and support their ongoing risk, capital, collateral, liquidity and accounting activities," stated Cubillas Ding, research director for the securities and investments practice at Celent, a research and advisory firm.
Mark Heckert, senior director, evaluated services for Interactive Data, said: "Our CDS evaluation methodology incorporates Interactive Data's widely-used, award-winning bond evaluations, which is especially important for less liquid names where there is limited market color."
The company, which provides pricing services, aims to enhance transparency, risk management and compliance practices.
"We believe that institutions worldwide will need to accelerate their investments in OTC derivatives valuations and the related technology infrastructure to respond to regulatory change and support their ongoing risk, capital, collateral, liquidity and accounting activities," stated Cubillas Ding, research director for the securities and investments practice at Celent, a research and advisory firm.
Mark Heckert, senior director, evaluated services for Interactive Data, said: "Our CDS evaluation methodology incorporates Interactive Data's widely-used, award-winning bond evaluations, which is especially important for less liquid names where there is limited market color."
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