The partnership will allow the easy integration of CDS spreads market data from Fitch Solutions into Price-it Excel, Pricing Partnersâ cross asset independent valuation platform. This will thus enable Price-it Excel users to access and use the Fitch Solutionsâ market data source for CDS spreads on single name and index.
The combination of Fitch Solutions data and Pricing Partners cutting edge valuation tools will therefore allow market players to produce accurate valuations on their credit derivatives portfolios.
Ian Rothery, Global Head of Strategic Partnerships of Fitch Solutions added: "Pricing Partners is a key industry player and this partnership is a natural fit which further underscores Fitch Solutionsâ position as a leading data vendor. It will broaden market access to Fitchâs CDS data, providing more users with greater transparency on pricing in OTC credit markets, and we look forward greatly to working with Pricing Partners.â
Eric Benhamou, CEO of Pricing Partners, commented âItâs an honor for us to work in partnership with Fitch Solutions. Market data are a key element in the valuation. Today, it is critical that our clients gain access to recognized and reliable market data. The various advantages under this partnership will allow our clients to quickly integrate and connect the flow of Fitch Solutions to our models and thereby obtain very accurate valuations on their credit derivatives at the use of Price-it Excel.â