The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SunGard adds Fitch Solutions CDS Data to its FastVal Service for Independent Valuations

SunGard has chosen Fitch Solutions consensus CDS pricing service to enhance SunGard’s FastVal, an independent valuation service for vanilla and structured OTC derivatives.

Fitch’s CDS Pricing Service covers up to 3,000 single name CDS contracts using independent pricing data from the member banks of Fitch’s global pricing services consortium. It also includes Fitch CDS Benchmarking for highly illiquid names, a tool which provides indicative spread values where there is insufficient market information to determine a consensus price based on market maker contributions.

Ian Rothery, Fitch Solutions’ global head of Third-Party Distribution and Partnerships, said, “SunGard’s strength in the industry means its customers include many of the world’s leading financial services firms.  SunGard’s global reach will help us further extend access to Fitch Solutions’ products and services.”

“With credit becoming an increasingly important factor in derivative valuations, we need to help ensure that our customers have access to high quality, independent, accurate and timely pricing information for their risk management purposes,” said Gavin Lee, chief operating officer of SunGard’s FastVal business unit. “Fitch Solutions, which has a proven track record in delivering CDS information and data services, combined with our existing data and analytics will help further strengthen the quality of SunGard’s FastVal valuation service.”

Related content

WEBINAR

Upcoming Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

Date: 16 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU...

BLOG

GLEIF LEI Search 2.0 and API Offer Customised, Automated Access to Rich LEI Data

The Global LEI Foundation (GLEIF) has responded to industry demand for customised, automated access to rich LEI data with LEI Search 2.0 and an API that allows third-party developers to automate searches and retrieve open, higher quality LEI data from within their application environments. LEI Search 2.0 expands the number of search parameters available, providing...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...