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News > Dow Jones, Jacob Bunge |
January 2010 - Dow Jones, Jacob Bunge
Dow Jones reporter, Jacob Bunge, on clearing credit derivatives
Hedge funds and asset managers have made a cautious start in clearing credit default swaps on new exchange-owned platforms, despite a push from U.S. regulators.
The cost of linking with a clearinghouse is a big hurdle for asset managers, noted Rohan Douglas, chief executive of credit market analysis company Quantifi Inc. He said many lack the personnel and resources of the dealer banks.
Read the article at Fox Business |
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Highlights
Quantifi has extended
the functionality of its credit derivative valuation software
to include the ability to price loan credit default swaps (LCDS)
and tranches on LCDS (Synthetic CLOs).
“Rapid growth in the LCDS market created immediate trading
opportunities. Quantifi has responded to our needs for new models
and tools for this market with impressive speed. We have come
to expect this level of responsiveness and commitment from Quantifi”,
said Rizwan Akhter, Structured Credit Portfolio Manager at DiMaio
Ahmad Capital – a New York based alternative investment
management firm.
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