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.
London-based startup consensus credit ratings provider Credit Benchmark has begun its proof-of-concept phase with an undisclosed number of contributing banks, Read more
Credit Benchmark received wide-ranging press coverage on its $7MM Series A financing. All Media Ny http://www.allmediany.com/news/27081-index-leads-7m-round-in-banking-ben... Financial News http://www.efinancialnews.com/story/2014-07-09/credit-risk-data-startup-... Finextra Read more
London tech firms attracted a record $1bn (£626m) of venture capital investment in just the first nine months of 2014. Read more
In his recent book "The Social Life of Money," Nigel Dodd, a professor at the London School of Economics, describes Read more
