DTCC upgrades CDS Kinetics platform
04 August 2021 US
Image: stock.adobe.com/Sikov
The Depository Trust and Clearing Corporation (DTCC) has upgraded its CDS Kinetics data platform to provide greater transparency for over-the-counter credit default swap (CDS) transactions.
CDS Kinetics enables users to view position data for CDS contracts held in DTCC鈥檚 Trade Information Warehouse, the reporting database for cleared and uncleared credit derivatives that was first launched in 2006. This position information includes notional outstanding, net notional and trading volume for single name, index and index tranche contracts.
Previously, the CDS Kinetics platform offered point-in-time CDS information, but this has been enhanced to support more than 10 years of historical and time-series data.
The new release also adds a new user interface with graphical analytics, along with improvements to the search facility, enabling users to search for CDS instruments by reference entity, market sector, market type, region and other attributes.
The CDS Kinetics platform will be available to users via an application programming interface available through DTCC鈥檚 API Marketplace.
Commenting on the platform upgrade, managing director of DTCC data services Tim Lind says: 鈥淣ow more than ever, it鈥檚 critical for firms to begin drawing upon more robust and higher-quality data sources to heighten their risk preparedness and response, as well as their overall business resilience.
鈥淭he new DTCC CDS Kinetics platform provides unparalleled transparency into the CDS market, offering unique insights on credit risk that will not only inform trading strategies, but will also help banks better prepare for potential market dislocations.鈥�
CDS Kinetics enables users to view position data for CDS contracts held in DTCC鈥檚 Trade Information Warehouse, the reporting database for cleared and uncleared credit derivatives that was first launched in 2006. This position information includes notional outstanding, net notional and trading volume for single name, index and index tranche contracts.
Previously, the CDS Kinetics platform offered point-in-time CDS information, but this has been enhanced to support more than 10 years of historical and time-series data.
The new release also adds a new user interface with graphical analytics, along with improvements to the search facility, enabling users to search for CDS instruments by reference entity, market sector, market type, region and other attributes.
The CDS Kinetics platform will be available to users via an application programming interface available through DTCC鈥檚 API Marketplace.
Commenting on the platform upgrade, managing director of DTCC data services Tim Lind says: 鈥淣ow more than ever, it鈥檚 critical for firms to begin drawing upon more robust and higher-quality data sources to heighten their risk preparedness and response, as well as their overall business resilience.
鈥淭he new DTCC CDS Kinetics platform provides unparalleled transparency into the CDS market, offering unique insights on credit risk that will not only inform trading strategies, but will also help banks better prepare for potential market dislocations.鈥�
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