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: New opportunities to scale data operations

Faced with tough competition and ongoing pressure on margins, many firms are reviewing their operating models and assessing whether they can reallocate more resources to high-value projects by outsourcing commoditised processes including data operations. This webinar will explore the different approaches that buy-side and sell-side firms are adopting to scale their data operations, including market...

BLOG

Brown Brothers Harriman Evolves Data Offerings with Infomediary Data Solutions

Brown Brothers Harriman (BBH) has announced the next evolution of its data offerings with Infomediary Data Solutions, an expanded set of solutions that brings together data management technology and managed services and is designed to help asset managers and financial institutions take command of their data. Infomediary Data Solutions builds on BBH’s Infomediary data integration...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...