About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

GFI Group Provides Prism Valuation with Credit Derivatives Data…

Subscribe to our newsletter

GFI Group and Prism Valuation, a provider of valuation and risk management services, have signed a multi-year agreement for Prism to use GFI credit derivatives data in its valuation services.

Philip Winstone, global head of data sales at GFI, explains that discussions between the two parties have been ongoing since March this year. “A short term deal was signed then to allow Prism Valuation to use GFI data, while the overall commercials were hammered out and the multi-year agreement signed in September,” he adds.

GFI’s credit market data is sourced from the firm’s electronic trading platform, CreditMatch, he explains. Winstone believes that because the data is sourced in this way, rather than consensus or aggregate data, it is more reflective of real market prices.

Greg Cripps, president and CEO of Prism Valuation, adds: “We firmly believe that GFI’s high quality, truly representative, independent data is key to providing effective structured product valuation services.”

According to Winstone, Prism was keen to start using prices from GFI in its valuations and risk management services, because it saw the value in getting real market prices from the leading credit derivatives broker and using those prices in portfolios sensitive to creditworthiness. “From GFI’s perspective, the deal has emphasised the importance of our data to companies providing value add services to the financial community, particularly when we’ve seen a lot of scrutiny in the press over book mismarking. It is the first of many such deals in the pipeline.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

Data Readiness is No Longer Optional for Banks

By Stuart Harvey, Chief Executive of Datactics. In a landscape marked by increasing regulatory scrutiny and accelerating digital change, data has long since shed its role as a by-product of banking operations and is now a critical strategic asset. The speed at which institutions must demonstrate data integrity, quality, and accessibility has made compliance not...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...