CMA DataVision now available through Sophis

London, 16 January 2007: CMA, a leading provider of real-time price discovery services and data for the credit market, today announced that Sophis has developed an interface to enable users of its VALUE buy-side platform to have direct access to CMA DataVision, CMA's high quality same day closing Credit Default Swap (CDS) prices.

CMA DataVision enables precise benchmarking and accurate mark-to-market. It provides data for more than 2,000 single name CDS, indices and tranches uniquely delivered by 5pm London and 5pm New York time. Daily updated CDS spreads based on real-time indicative quotes are combined with bond prices, terms and conditions and ratings data from the best vantage point: buy-side front office. CMA's Data Consortium of 30 buy-side firms, including leading global Investment Banks, Hedge Funds and Asset Managers, continuously provides average spreads based on observed quotes, which are more representative of the day's trading.

"We are delighted to work with Sophis, whose innovative approach to providing solutions for credit market professionals matches CMA's. The Sophis interface is another step in CMA's plans to increase the efficiency of investment professionals by expanding the ways in which our clients can access and integrate CMA's services", said Laurent Paulhac, CMA's CEO.

Daniel Abitbol, Business Development Manager, VALUE, for Sophis, commented "Sophis developed its data service module to enable its customers to have direct access to top quality, accurate data. We are very pleased to work with CMA as CMA DataVision clearly fits this requirement, and our mutual customers will greatly benefit from this integration".

About Sophis

Sophis has more than 15 years of experience in supplying portfolio and risk management technologies to the world's leading financial institutions. Sophis designs flexible, open and scalable solutions that support fully automated processing of transactions across all asset classes. Sophis' technologies are developed by a highly-qualified R&D department, including a dedicated quant team, to rapidly meet the changing needs of a demanding client base. From seven locations worldwide, Sophis serves more than 100 market-leading institutions, including more than a third of the Top 25 World Banks. www.sophis.net

About Sophis VALUE

Sophis has been in the portfolio and risk management business since 1992 when it launched RISQUE, a solution for investment banks. Noticing the gap that existed in terms of technology between the sell- and buy-sides, Sophis decided to develop VALUE, a solution dedicated to fund managers, which is derived from the RISQUE application and developed in partnership with top-tier investment management companies. VALUE is a cross-asset, front-to-back-office platform made of four integrated modules: front office; risk management; middle/back office; and data management. It provides sell-side level financial and technological capabilities with the user-friendliness, connectivity and ease of implementation required by the buy-side. VALUE has been adopted by more than 50 institutions worldwide, from start-up hedge funds to large investment management companies, including ADI, AXA IM, BGAM, BNP Paribas AM, CCR-Commerzbank, Elliott Advisors, Fortis IM, Gandhara Capital, Old Lane Management, Penta Investment Advisors, Susquehannah International Group, SuttonBrook...

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