The three new indices â the S&P 100 CDS, the S&P CDS U.S. Investment Grade (IG) Index and the S&P CDS U.S. High Yield (HY) Index â are focused on the respective sectors of the dynamic Credit Derivatives market. All three indices will use SD-CD for daily valuations and distribution.
Additional credit indices, also powered by SD, are expected to be introduced by Standard & Poorâs in the coming months.
âStandard & Poorâs is pleased to select SuperDerivatives to play a key role in the launch of our new CDS indices,â says James Rieger, Vice President of Index Services at Standard & Poorâs.
âFollowing rigorous evaluation, we have chosen the SD-CD platform as our calculation benchmark for credit derivatives, bringing deep analytics, broad instrument coverage, and superior functionality to our family of new CDS indices.â
Standard & Poorâs CDS Indices will be featured on the SD-CD platform along with other credit derivatives instruments. SD-CD covers a broad range of credit derivatives instruments such as CDSs, CDS indices, credit baskets and CDOs. It provides intraday two-way pricing, portfolio utilities and market risk metrics.
David Gershon, president and CEO, SuperDerivatives, said: âWe are delighted to have been chosen by Standard & Poorâs as a strategic component of their CDS indices.
âFrom the feedback we have received it is evident that SD-CD has proven itself to be an exceptionally accurate and convenient platform, consistently producing prices that reflect the inter-dealer market consensus.
âOur fully automated platforms are optimised for the management of custom indices â both in credit and all other major asset classes.â