Thomson Reuters, Data Explorers Vets Found Ratings Analysis Firm
Posted by Laura Saville on February 12, 2013
Credit Benchmark, a new startup that will provide aggregated analysis of trading firms’ proprietary credit ratings and risk assessments, has begun enlisting 10 early-stage contributors for a proof-of-concept phase, ahead of a production launch slated for the first quarter of next year.
The vendor will collect proprietary credit rating data produced in-house by financial firms, such as probability of default, aggregate it, and provide participating contributors with a spread that shows their position against an anonymous cross-section of their peers, to give fixed income traders a more comprehensive view of the marketplace and provide greater transparency.
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