CMA DataVision now integrated with CDO Software
Jun Wed 27 2007 at 2.18 pm
CMA, the credit information specialist, today announced that CDO Software has integrated the CMA DataVision same day CDS pricing data into CDO Software's CDO Tools suite of products.
"CDO Software is committed to work with market leading data providers to provide a much needed integrated and user-friendly platform that uses independent, accurate data to price and risk manage structured portfolios"
"CMA DataVision has the required breadth and quality; we are very pleased that our mutual clients can now seamlessly load CMA's independent prices into CDO Director™ a single controlled and audited environment. This integration will help both CDO issuers and investors to reduce operational risks by using consistent data firm-wide and monitor exposures across portfolios, increasingly important under current market conditions."Sunay Shah, CEO of CDO Software.
DataVision is sourced from CMA's Data Consortium of 30 buy-side firms, including leading global Investment Banks, Hedge Funds and Asset Managers, who continuously provide average CDS spreads (single name CDS, indices and tranches) based on indicative observed quotes.
DataVision is delivered by 5pm London and 5pm New York time, giving customers a timely market view and enabling more accurate mark-to-market and flash P&L analysis
"We are delighted that CDO Software has chosen to integrate CMA's DataVision into its cutting-edge technology. It 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"Laurent Paulhac, CMA's CEO.
About CDO Software
CDO Software provides cutting-edge management tools for participants in the structured credit products and credit derivatives market. The CDO Tools™ suite of products enables investors and issuers to efficiently manage CDO products, including static and managed pools, CDO2, other basket based products and single name credit default swaps. An invaluable tool, CDO Director™ covers the three stages of CDO management: data & trade capture, monitoring & analytics, and reporting.
CDO Software delivers leading technology with open architecture that interfaces with live data sources and analytics software (third-party or in-house), whilst handling all the booking, processing and reporting of tranche and underlying portfolio data. Changes to any portfolio are automatically logged and an audit trail is generated, helping to mitigate operational risks.
This allows the use of consistent data firm-wide, vital for companies to mark-to-market their investments and help to achieve Basel II compliance. CDO Software's management team has a wealth of experience in financial markets and specialises in credit derivatives, with a proven track record of delivering systems to major financial institutions.