Fitch Solutions, a provider of risk and performance analytics and valuation services, has formed a partnership with NumeriX, an independent analytics provider for the structuring, pricing and valuation of derivatives and structured products.
NumeriX will launch a new data adapter that supports Fitch Solutions consensus pricing data for corporate, sovereign, loan and asset-backed credit derivatives (CDS) as well as CDS indices information. NumeriX users will be able to leverage more credit data as they structure complex derivatives, the companies said.
In the current risk-averse markets, where investors require access to instant, accurate data to anticipate and act upon market instability, the partnership with Fitch Solutions is expected to give NumeriX users the ability to immediately value, price and capture new transactions as they enter the market.
It is expected that NumeriX analytics support financial products across all asset classes. Combined with pricing information from Fitch Solutions, users will benefit from greater deal coverage and accuracy, according to the two companies.
Gloria Aviotti, group managing director and head of Fitch Solutions, said: We are pleased to partner with an industry leader like NumeriX. In today’s environment, access to accurate data and analytics is more important than ever. Both companies provide superior quantitative and analytic solutions to the financial industry, to ensure investors are equipped with the best tools. We look forward to working with Numerix to better serve the needs of our customers.
Steven O’Hanlon, president and COO of NumeriX, said: After almost two years of unstable credit markets, the quick and accurate flow of data is crucial to powering useful and effective analytics. Through our partnership with Fitch Solutions, NumeriX now offers full access to robust credit data for financial institutions, offering customers more flexibility and helping them make more informed investment decisions.