Reuters expands evaluated pricing service to deliver bespoke valuations within premium time frames

Reuters’ (LSE: RTR; NASDAQ: RTRSY) established evaluated pricing service available on Reuters DataScope Select, now releases bespoke valuations for IRS, CDS, CDX and Loans CDS deals at premium and end of day time points to capital market players across the globe.

Delivering prices at 4pm and 6pm New York time (and 4pm and 6pm London time), Reuters provides large sell side and buy side customers with the range and depth of consistent data needed to promote STP throughout the front and back offices and ensure accountability and compliance to investors and regulators alike.

With increasing dependence on complex structured products across the entire asset management industry, Reuters’ evaluated pricing service has been well received by market participants from fund administrators to hedge funds who face an uphill task to value a range of illiquid instruments. Reuters DataScope Select offers independent valuations of these hard-to-value instruments and delivers prices within premium timeframes enabling clients to have longer lead times to act on the data received.

CDS Evaluations are based on credit curves that are updated by 4pm London time and at 3pm/4PM New York time, enabling Reuters DataScope Select customers to have their deals valued faster and before end of day. The Reuters evaluation team work across a range of broker dealers to obtain the best quotes and up to date credit movements. IRS evaluations are based derived from swap rates obtained from Reuters’ vast dealer contribution network.

The CDS and IRS valuations are delivered via Reuters’ existing DataScope Select Platform, as a hosted service. Reuters DataScope Select offers comprehensive pricing coverage across asset classes, delivering data when required by the customer and providing same day valuations. Reuters’ customers are able to create bespoke terms and conditions on the platform, allowing them access to data when they need it.

Karl Mackelburg, Global Head of Evaluated Pricing and Structured Products said; “Reuters’ expansion into derivatives is part of our commitment to the industry in pricing and reference data. Our goal is to supply our customers with comprehensive coverage, timely delivery, and accurate evaluations”.