Wall Street Analytics Links To Markit Data To Provide State-Of-The-Art CDO Pricing

London, 9 June 2005 - Wall Street Analytics, a leading provider of cashflow and synthetic CDO structuring, analytical and risk management software, today announced that its CDOnet product now links to Markit's daily pricing service for global credit derivatives, cash securities and loans.

The link to Markit enables mutual clients, in particular investors and asset managers, to quickly and efficiently mark-to-market their CDO collateral portfolios using the latest independent asset valuation data, and to price and value their CDO tranches with the leading multi-dealer credit derivatives data source.

CDOnet now uses Markit RED's codes as one of the key identifiers in its software. RED (Reference Entity Database) is the market standard that confirms reference entities and their reference obligation 'pairs', and is used throughout the credit default swap markets.

"Recent high profile downgrades in the market have highlighted the necessity to use accurate data with advanced analytics" stated Ron Unz, CEO of Wall Street Analytics. "Wall Street Analytics and Markit are delighted to be the first to offer such a solution to the entire spectrum of CDO market participants".

 

Mark Hunt, Director of Product Development at Markit, said, "Our partnership with Wall Street Analytics is a powerful combination of the highest quality benchmark prices and state-of-the-art tools. Together we will provide our joint customers with an enhanced ability to manage increasingly complex credit portfolios."

For further information please contact:

About Wall Street Analytics:

Wall Street Analytics is a worldwide leader providing sophisticated software products and services to the structured finance markets.

The company provides products and support to more than 100 clients around the world including leading asset management firms, investment banks, trustees, and institutional investors. Its CDOnet, CDOcalc, Structured Finance Workstation and Bond Administration Workstation products are widely recognised for their unique abilities to support detailed analysis of the most sophisticated structured debt products including, collateralised debt obligations (CDOs), mortgage-backed securities (MBS) and asset-backed securities (ABS). Founded in 1987, the company serves the markets from its three main locations in New York, San Francisco and London.

For more information, interested parties can visit the company's website at www.wsainc.com

About Markit:

Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets. Founded in 2001, the company is an independent enterprise with which the world's leading financial institutions and energy traders work strategically to create price transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who manage assets in excess of $10 trillion, and data contribution relationships with over 50 dealing firms. Markit has designed, launched and acquired over 20 financial data services which are now used by over 300 institutions globally. Areas of product expertise and service include an independent valuation perspective on corporate bonds, syndicated loans, OTC derivatives (credit, equity, FX, rates, energy, power, metals and structured products), as well as dividend forecasting and index and ETF management.

For more information about Markit, see www.markit.com

 

View all Press Releases