Markit launches CDS data and information portal

By Sara Rosenberg

New York, March 20 - Markit launched a credit default swap data and information portal designed to increase transparency and provide a tool to monitor the market, according to a news release.

The new data portal will make a wide range of Markit's independent CDS data sets publicly available, including prices for its CDS indexes, the last quote received by it before New York close of trading for about 450 of the most liquid CDS contracts, the biggest daily single name CDS movers for North America, Europe and Asia, and daily Markit/ICE TrustTM CDS settlement prices for the most liquid Markit CDX index contracts listed for clearing by ICE Trust.

In addition, the company has published a free online calculator that converts CDS spreads into the new upfront quoting convention.

"The CDS market is viewed as the barometer of health for the broad credit markets," said Armins Rusis, global co-head of fixed income at Markit, in the release.

"It is, therefore, important to make information about this market as widely available as possible. Markit remains committed to increasing transparency in the CDS market and we will continue to work with the industry to help it adapt to a changing environment."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.