MWSA News

Wall Street Analytics, a leading provider of cashflow and synthetic CDO structuring, analytical and risk management software, today announced that its CDOnet product now links to Markit's daily pricing service for global credit derivatives, cash securities and loans.

The link to Markit enables mutual clients, in particular investors and asset managers, to quickly and efficiently mark-to-market their CDO collateral portfolios using the latest independent asset valuation data, and to price and value their CDO tranches with the leading multi-dealer credit derivatives data source.

CDOnet now uses Markit RED's codes as one of the key identifiers in its software. RED (Reference Entity Database) is the market standard that confirms reference entities and their reference obligation 'pairs', and is used throughout the credit default swap markets.

"Recent high profile downgrades in the market have highlighted the necessity to use accurate data with advanced analytics" stated Ron Unz, CEO of Wall Street Analytics. "Wall Street Analytics and Markit are delighted to be the first to offer such a solution to the entire spectrum of CDO market participants".

Mark Hunt, Director of Product Development at Markit, said, "Our partnership with Wall Street Analytics is a powerful combination of the highest quality benchmark prices and state-of-the-art tools. Together we will provide our joint customers with an enhanced ability to manage increasingly complex credit portfolios."