The drive to make the murky world of credit derivatives more
transparent to end-users is taking a leap forward with the launch
of two developments linked to RiskMetrics Group.
The financial analytics and technology firm, spun off from JP
Morgan in 1998, has launched a credit pricing assessment tool
called CreditGrades backed by Deutsche Bank, Goldman Sachs and
JPMorgan Chase, which dominate trading in credit derivatives.
RiskMetrics also announced that it would incorporate data from
CreditTrade, the electronic broker and information provider in
credit derivatives, into its DataMetrics system, making it easier
for risk managers to integrate credit default swap prices.
The CreditGrades development brings equity and credit information
together as a way of...
