GFI Group and Macrobond Financial team up to offer CDS dataPartnership to provide intraday and historical global credit default swaps data via Macrobond’s analytics platform
New York, February 16, 2011 - GFI Market Data, a division of GFI Group Inc., and Macrobond Financial AB announced today their partnership to offer GFI sovereign credit default swaps data via Macrobond’s analytics platform. The data will also include historical prices going back to 1997.
Macrobond clients will be able to analyse and map historical and on-going trends and validate trading ideas using GFI Market Data’s sovereign CDS product on the Macrobond application.
Philip Winstone, Global Head of Sales at GFI Market Data said: “GFI Market Data provides a comprehensive, global view of actual executable and executed CDS prices that is sourced directly from GFI CreditMatch™, one of the most widely used and highest rated trading platform for CDS. We are pleased that Macrobond recognises the value of providing this data to its clients over indicative or consensus sources. This distribution and sales partnership is also an exciting extension of our strategy to increase the reach of our high-quality data services.”
Tomas Liljeborg, CEO at Macrobond stated: “We are pleased to be working with the number 1* credit broker globally providing an independent view of CDS market activity. We will distribute detailed global CDS data from GFI Market Data on both sovereigns and corporates with extensive history. The data will be made available in our Macrobond Application, a dynamic charting and analytical platform with global financial and economic data” and added, “The availability of GFI’s CDS data on our platform is complementary to our global data sets and will give our clients a big edge.”
Macrobond’s clients may also elect to subscribe to the full suite of GFI Market Data’s CDS products which includes global corporate, index, tranche, spread and switch pricing in CDS.
Macrobond Financial AB is a Swedish company that provides extensive time series data on a comprehensive range of economic and financial indicators.
*GFI voted No.1 Credit Broker (Credit Magazine Interdealer Rankings 2010) and No.1 Credit Derivatives Broker (Risk Interdealer Rankings 2010).
About GFI Market Data
GFI is uniquely positioned to provide the capital markets with the data they need. GFI Market Data refers to actual market prices and trade information, reflecting real market sentiment not just indications gleaned through consensus pricing. GFI Market Data’s product suite includes CDS, bonds, fx options, equities, interest rates and energy and commodities data.
GFI Market Data is the brand under which Fenics Software Limited operates its market data business.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (NYSE “GFIG”) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of fixed income, financial, equity and commodity instruments.