Quantifi enhances credit models with Markit benchmark pricing
London, 27 October 2005 - Quantifi Inc ("Quantifi") announced today that it has integrated Markit Group Limited's ("Markit") credit default swap pricing into its credit models to help customers automatically calibrate Quantifi's advanced credit derivative models, pricing tools and risk applications with Markit's benchmark pricing.
Markit provides independent mark-to-market credit default swap (CDS) pricing on over 2,700 individual entities and tiers of debt drawn from daily price contributions from over 50 dealing firms, and is used by global financial institutions for price verification and risk management purposes.
Quantifi is a leading provider of analytic pricing models and risk analysis for a range of credit products including CDS, bonds, asset swaps, CDOs, NTD baskets, credit derivative indices and options on these instruments, as well as hybrids.
"Quantifi's integration of Markit pricing will enhance mutual customers' risk management capabilities, and addresses the growing need for cutting-edge pricing and sophisticated analytics in order to manage the risks associated with trading activity in the fast-growing credit markets", said Mark Hunt, Director of Product Development at Markit.
"Quantifi is excited to be able to offer clients fully integrated CDS data from Markit. The combination of quality CDS data and Quantifi's market tested and validated models provide a powerful turnkey solution for clients of Quantifi and Markit. Client access to Markit's CDS data will greatly improve their ability to leverage our models for more accurate pricing and risk analysis", said Rohan Douglas, CEO of Quantifi.
- Ends -
For further information, please contact:
Markit
Teresa Chick
Marketing and Communications Manager
Tel: +44 (0)20 7890 5094
Email: teresa.chick@markit.com
Quantifi Inc
Stacey Scrima
Tel: +1-908-272-7740
Email: sscrima@quantifisolutions.com
Information: info@quantifisolutions.com
Web site: www.quantifisolutions.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 OTC derivatives (credit, equity, FX, rates, energy, power, metals and structured products), corporate bonds, syndicated loans, dividend forecasting, index and ETF management. For more information about Markit, see www.markit.com
About Quantifi Inc
Quantifi Inc is a leading provider of state-of-the-art models, pricing tools and risk analysis for the world's credit markets. Formed in 2002, Quantifi has grown steadily to establish leadership in the credit modeling industry while focusing on client relationships and maintaining strong ties to the academic community, Quantifi's advantages include our depth of experience, our comprehensive product suite, our proven track record of innovation, and our ability to work closely with clients to provide tailored solutions to match their needs. Quantifi has clients in Europe, North America and Asia including Banks, Hedge Funds, Asset Management companies and Insurance companies.
View all Press Releases
