IHS Markit Extends Capabilities of its Bond and CDS Pricing Data to FactSet

The partnership will emphasize expanded hedging and investment opportunities for FactSet’s clients.

IHS Markit (Nasdaq: INFO) today announced that it has successfully extended the use of its offering of pricing data dedicated for bonds, CDS and structured products to FactSet Research Systems (NYSE:FDS), a global provider of financial information and analytical applications.

Data on more than two million fixed income securities priced by IHS Markit is now available for distribution across numerous FactSet products and platforms, according to a corporate statement.

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IHS Markit is a provider of comprehensive information, analytics, and solutions for multiple industries and markets globally. The partnership will emphasize expanded hedging and investment opportunities for FactSet’s clients which now include corporate bonds, sovereign bonds, agency bonds, CDS, European ABS. This is in addition to securitized products in the US spanning agency pass through, non-agency RMBS, consumer ABS, CLOs and CDOs.

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Credit default swaps (CDS) provide market participants insurance against a default on bond payments and are used by investors as a hedge to manage risk and also as an investment through betting on creditworthiness, and earn a profit if the view is correct.

Per the joint announcement, data on the Markit CDX and Markit iTraxx CDS indexes will follow in the next quarter. Further, CDS pricing from IHS Markit will become the primary CDS dataset on FactSet by the end of 2017.

According to Adam Kansler, Executive Vice President and Head of Financial Markets at IHS Markit, in a recent statement on the partnership: “We’re excited to be a premium data provider for FactSet customers, furthering the use of our industry-leading datasets among a large, diverse group of financial institutions. There has never been greater need for independent, high quality pricing data on fixed income markets. Our pricing services offer unparalleled ability to access and process observable market data as well as the judgment and experience of our large global team of expert evaluators.”

Robert Robie, Senior Vice President at FactSet, added: “Financial institutions are looking for choice, quality and value in today’s changing landscape for bond pricing. We are delighted to expand our fixed income coverage with IHS Markit’s pricing data. As well as providing market insight for all our customers, prices from IHS Markit will also feed our Fixed Income Portfolio Analytics module (FIPA) to offer performance attribution and risk calculations to subscribers.”

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