Software and technology services company SunGard has selected Fitch Solutions’ consensus credit default swap (CDS) pricing service to improve its vanilla and structured over-the-counter (OTC) derivatives valuation service FastVal.
Fitch’s CDS Pricing Service includes as many as 3,000 single-name CDS contracts using independent pricing data from member banks of Fitch’s global pricing services consortium. It also covers Fitch CDS benchmarking for highly illiquid names, a tool offering indicative spread values where there is insufficient market data to decide a consensus price on the basis of market maker contributions.
Click here for the release from SunGard.