ICE Data Derivatives sources, validates and delivers CDS Single Name and Index pricing to a global financial client base to support workflows across trading, risk, pricing, research and compliance.
Our comprehensive CDS pricing solution enables market participants to integrate up-to-date market data into their analytics and workflows to help improve decision making, risk analysis and price verification processes.
Our data is sourced from multiple sources, including trades, indicative quotes and contributed curves from the largest, most active investors. Through our advanced extraction and parsing technology, we can process contributed curves and up to 6 million quotes per day in real-time from the market.
All data received by ICE Data Derivatives goes through a rigorous price validation process including both a real-time automated validation process as well as a manual price verification process. CDS curve models are scrutinized throughout the day by a dedicated team of CDS pricing specialists, to help ensure that our data reflects the market.
Using sophisticated modelling technology, ICE Data Derivatives builds upon our multiple sources to deliver full CDS pricing term structures from 6 months to 30 years. We calculate and provide key metrics including Hazard Rates, CPD, Liquidity Metrics, Input Analytics, as well as the full spectrum of CDS Price Types.
CDS pricing data can be provided in CSV and XML format and is delivered in a range of different methods including SFTP, API and Wire Protocol via the ICE Consolidated Feed.
ICE's OTC markets have played an important role in increasing transparency, liquidity and access to previously opaque and illiquid markets.
Efficiently and cost-effectively access CDS markets and manage risk by clearing Options on CDX North American Investment Grade and High Yield indices.
With a broad set of clearable instruments, robust end-of-day pricing methodology and a state-of-the-art, capital efficient risk model, ICE Clear Credit provides customers a comprehensive solution while helping to mitigate systemic risk.