CMA's credit market pricing data and services are used by thousands of credit market professionals globally, including over 250,000 users around the world via the Bloomberg Professional(r) service.
Investment professionals need a comprehensive and accurate price verification service, yet the OTC nature of the credit market means tradable price levels on each tenor of an entity are not observed every day. To provide the best possible evaluation of less liquid entities, CMA has developed a sophisticated multi-step modelling process, in conjunction with several clients and a team of industry experts, to enable CMA to derive price points and generate a full term structure with a high degree of accuracy. Using this process, CMA has more than doubled the number of data points that can be confidently provided by CMA DataVision.
CMA DataVision is sourced from 30 leading buy-side firms who continuously provide average CDS spreads 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.
Laurent Paulhac, CMA's CEO, commented "Our clients, along with most market professionals who use the Bloomberg Professional service, are increasing viewing DataVision as the premium price verification service for CDS because it is based on observed pricing information. By delivering full term structures using our state of the art methodology, we can now enable more middle office professionals to use DataVision for end of day mark-to-market. We are pleased to have worked in collaboration with a good number of our clients to develop this innovation"