"Interest in LCDS has increased with the launch of the LevX index in Europe and the forthcoming launch of LCDX in the US. If LCDS growth follows that of unsecured CDS, the potential is huge" according to Michael Liberman, head of quantitative strategy and chief technology officer at BlueMountain Capital Management, a credit-focused hedge fund with $3 billion under management. "BlueMountain is now actively trading in LCDS and we are very pleased that LCDS price management is now incorporated into CMA QuoteVision, which has transformed the way we manage our CDS pricing data." BlueMountain has been a CMA QuoteVision client for nearly two years.
The LCDS enhancement to CMA QuoteVision follows closely on the recent addition of a Bond price management service. CMA QuoteVision reliably scans free form messages, extracts pricing information, and stores it in a client side database. It considerably speeds up and simplifies price discovery, improving trading performance and providing valuable information not only for the front-office team, but also risk, finance and research groups. It is rapidly becoming a key building block in clients' market data infrastructures.
Laurent Paulhac, CEO of CMA, commented "We are continually enhancing CMA QuoteVision to achieve our mission of improving the efficiency of OTC credit market professionals. Our clients' interest in LCDS has been increasing to the extent that they are now critical for a large selection of our client base. We are pleased to release this extension free to all QuoteVision clients".