Simon Lumsdon, BlueBay's Technology Director, said "We originally purchased CMA's QuoteVision product to capture end of day credit curves for our automated valuations system. This allowed us to quickly and efficiently collect and combine this data for the purposes of valuing our credit default swap positions. This data proved to be extremely accurate and consequently we extended the system to include bond pricing, something which has proved highly successful. QuoteVision is used extensively by the execution desk for price discovery and also by the portfolio management and research teams for data mining of its time series data. The relationship with CMA is a good one and we are very impressed with QuoteVision"
QuoteVision, the market leading advanced real-time price discovery service, covers a comprehensive range of bonds, including high grade, high yield, emerging markets and convertible bonds, alongside single name CDS products, credit indices and index tranches. The bond quotes are matched to industry standard ISIN codes, so traders can be sure that prices are correctly identified.
QuoteVision reliably scans free form messages, extracts pricing information, and stores it in a client side database. Investment professionals access the real-time pricing information via an easy to use price discovery application, and also through an Excel Add-in. The QuoteVision Artificial Intelligence based parsing service is updated continuously to recognize new securities, tickers, entities and name changes resulting from corporate actions. QuoteVision is rapidly becoming a key building block in clients' market data infrastructures, allowing the information to be used not only by the front-office team, but also the risk, finance and research groups.
Laurent Paulhac, CMA's CEO, commented "BlueBay is a leader in the market and a great client; we are delighted that they are extending their active use of QuoteVision to benefit from Bond and CDS price discovery".