Reuters and Markit to Deliver CDS Pricing Transparency
Reuters and Markit have announced a wide-reaching content distribution deal for their customers. Users of Reuters’ premium desktop, 3000 Xtra, will now gain access to Markit’s comprehensive range of Credit Default Swap (CDS) data including Markit’s new Intraday service. Markit Intraday is a streaming pricing tool for the leading credit indices, iTraxx and CDX, as well as their constituents, which draws from the major CDS market makers globally. This service will be provided to all users of Reuters’ 3000 Xtra. Reuters will also provide mutual customers with Markit’s end of day and same-day pricing for the full universe of approximately 3,300 credits.