Email Contact Phone Company Visit Website

Bedford, MA Office

32 Crosby Drive
Bedford
MA
US

London, UK Office

Fitzroy House, 13-17 Epworth Street
London
GB

Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
FR

Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
Dublin
IE

Luxembourg, Lux Office

5th floor 28 boulevard Royal
Luxembourg
LU

Switzerland, Geneva Office

25, rue Kléberg
Geneva
CH

New York, NY Office

100 William Street, 17th Floor
New York
NY
US

White Plains, NY Office

100 Hillside Avenue
White Plains
NY
US

Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
CA
US

Hayward, CA Office

3955 Point Eden Way
Hayward
CA
US

Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
SG

Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
HK

Channel Islands, Jersey Office

8 Hill Street St Helier
Jersey
GB

Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
DE

Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
ES

Switzerland, Zurich Office

Loewenstrasse 2
Zurich
CH

Australia, Sydney Office

Suite 405/368 Sussex Street
Sydney
AU

Japan, Tokyo Office

Kyobashi No. 8 Nagaoka Bldg. 1F 2-20-9 Hatchobori Chuo-ku
Tokyo
JP

Location Office

International House 1 St. Katharine's Way
London
GB

Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
IT

Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
IL
US

New York, NY Office

100 Church Street, 11th Floor
New York
NY
US

UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
AE

Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
US

Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
AU

Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
Back to all Intercontinental Exchange announcements

FT INTERACTIVE DATA TO OFFER INDEPENDENT VALUATIONS OF CREDIT DEFAULT SWAP INDEX TRADES

Expands Breadth of Derivatives Data to Help Clients Value Diverse Portfolios

New York - SIA Technology Management Conference, and London: June 21, 2006 – FT Interactive Data, an Interactive Data (NYSE: IDC) business and a leading supplier of financial information to global markets, today announced that it will offer seamless access to independent valuations of credit default swap (CDS) index trades, helping clients value their increasingly diverse derivatives portfolios more effectively.

According to the International Swaps and Derivatives Association (ISDA), the notional amount of credit default swaps outstanding around the world increased 105 percent to $17.1 trillion from 2004 to 2005. As the size and value of credit derivative portfolios continue to grow and new investors enter the market, many are seeking greater liquidity, convenience and efficiency. Investing in CDS index products can help clients better manage their risk exposure by providing them with a diversified portfolio of CDS in a single transaction. The interest in CDS index products is reflected in data gathered by FitchRatings, which estimates that the growth from 2004 to 2005 was 127 percent for U.S. dollar-denominated CDS index trades and 212 percent for Euro-denominated CDS index trades.

FT Interactive Data’s new CDS index valuation service, which is now available, facilitates the automated delivery of independent valuations of CDS trades linked to the Dow Jones CDX™ and iTraxx™ families of indices through an add-on to FT Interactive Data’s evaluation services or as a module of its FTS™ online portfolio administration service. Valuations for these index trades are based on information that Markit Group Limited (‘Markit’) gathers from more than 60 major dealers in the CDS markets. The new offering complements FT Interactive Data’s previously announced service for the delivery of single-name CDS valuations.

The CDS index valuation service represents another new offering developed through FT Interactive Data’s strategic alliance with Markit, a leading provider of independent pricing, reference data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets.

“We believe that many investors have been increasingly interested in CDS index products because of the range of benefits that they offer, such as increased liquidity and efficiency,” said Ray D’Arcy, president of sales, marketing and institutional business development, Interactive Data Corporation. “The new service enables FT Interactive Data to provide clients with a broader set of data to help them more effectively value their credit derivatives portfolios.”

“By combining the delivery of independent valuations of single name CDS and CDS index trades, FT Interactive Data can offer its clients a more complete set of information about the credit derivatives market,” said Mike Rushmore, executive vice president of Markit Group. “We are very pleased with the continued development of our relationship with FT Interactive Data, and believe that our work together will help firms meet their goals more efficiently.”

The Dow Jones CDX and iTraxx indices, which track segments of the CDS markets around the globe, are valued daily and rebalanced every six months. Markit is the exclusive calculation agent for the Dow Jones CDX and iTraxx indices. Through its alliance with Markit, FT Interactive Data will make both current and historical valuations of CDS trades linked to the Dow Jones CDX and iTraxx indices available to clients.