Bloomberg and CMA deliver same day credit default swap quotes

New York, October 26: Bloomberg, the leading global provider of data, analytics and news to the financial and legal markets, today announced that it has added CMA's high quality same day closing Credit Default Swap ("CDS") prices, CMA DataVision™, to the BLOOMBERG PROFESSIONAL service solidifies Bloomberg's position as the leading credit derivatives platform.

Philippe Khuong-Huu, Managing Partner of Alphadyne Asset Management, describes this combination as "integrating the Bloomberg platform with the best credit derivatives data provider in the market. It is vital in adding both accuracy and transparency to the rapidly expanding credit derivatives market".

Rapid Expansion of the CDS Market

The credit default swaps sector is the fastest-growing derivatives market in the world, according to the Bank for International Settlements. Credit default swaps, which are contracts that allow investors to bet on a company's ability to repay debt, more than doubled in the past year to $26 trillion, per the International Swaps and Derivatives Association. The CDS market has supplanted the bond market as the industry gauge for a borrower's credit quality.

CMA DataVision on Bloomberg: The Integrated Solution for CDS Pricing

The availability of CMA DataVision on Bloomberg is critical to the development of the CDS market. It brings full and extensive coverage of CDS prices directly to the more than 250,000 Bloomberg users around the world. "The CMA DataVision CDS price verification database has the breadth and quality that meets Bloomberg's rigorous standards. We are very pleased to be able to make this data available to all Bloomberg users at no extra charge, underscoring Bloomberg's commitment to continually add value to the all-inclusive single price BLOOMBERG PROFESSIONAL® service," said Russel Levi of Bloomberg. "The provision of independent, consensus-based OTC pricing information plays an important part in reducing risk and expanding the use of credit derivative products. The integration of this data with Bloomberg functionality such as the flagship valuation function, CDSW , makes Bloomberg the definitive tool for the CDS market."

"The addition of the comprehensive CMA DataVision with Bloomberg's unrivalled distribution will provide the credit market with a complete insight into credit market pricing," said Laurent Paulhac, CEO of CMA. "Bloomberg is the standard application on the desks of all credit market professionals. We are delighted that our presence on Bloomberg now presents our data to a wide audience, in line with CMA's objectiobjective of increasing the efficiency of the OTC credit markets. CMA DataVision subscribers are now able to access the bulk data set via Bloomberg's Datalicense or Datafeed API delivery platforms to power their own firms' proprietary and 3rd party systems."

About CMA

CMA pioneers ways to increase the efficiency of OTC credit market professionals. CMA's real-time price discovery services (CMA QuoteVision™) and data (CMA DataVision™) are used by more than 450 investment professionals in over 100 leading Investment Banks, Hedge Funds and Asset Managers worldwide. CMA's products and services improve trading performance and provide valuable information not only for the front-office but also risk, finance and research groups. Founded in 2001 by credit specialists, CMA has offices in London and New York.

CMA DataVision is consensus data sourced from 30 buy-side firms, including major global Investment Banks, Hedge Funds and Asset Managers. CMA DataVision provides full coverage of relevant tenors, currencies, and seniorities for single names, indices and tranches. This comprehensive database of daily and historic values is kept to the highest quality through a combination of CMA's unique business model and a methodology that concentrates on observed rather than derived pricing points.

About Bloomberg

Bloomberg is the leading global provider of data, news and analytics. The BLOOMBERG PROFESSIONAL® service and Bloomberg's media services provide real-time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world. Bloomberg's media services include the global BLOOMBERG NEWS® service with more than 2,000 professionals in 126 bureaus worldwide; the BLOOMBERG TELEVISION® 24-hour business and financial network produced and distributed worldwide on ten separate channels in seven languages; and BLOOMBERG RADIOSM services which provide up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, Bloomberg publishes Bloomberg Markets® magazine and BLOOMBERG PRESS® books for investment professionals.

For more information please visit www.bloomberg.com