London, June 09, 2003
IDEAglobal, a world leader in independent financial market research and strategy, announces the launch of its new credit derivatives product, Credit Derivatives Today. He will be responsible for the management and development of IDEAglobal's business worldwide. Mr Thrush has over 25 years of trading, banking and business experience and has managed global businesses for several of the world’s leading investment banks. Mr Thrush will be closely involved in current and future strategic alliances, in addition to running IDEAglobal’s business units. Mr Thrush will report directly to Dr Shandi Modi, Founder of IDEAglobal.
Credit Derivatives Today (CDT), a daily briefing product, is set to be the benchmark analysis product for the rapidly expanding, but still opaque, credit default swap (CDS) and derivative market. It will fill the gaping void between overwhelming market interest in the sector, and available information. The CDT is the first attempt to provide daily actionable trading ideas and a comprehensive analysis on market flows and positioning, written from an independent perspective.
Product highlights:
- Trading recommendations: CDT provides proprietary trade recommendations using bottom up analysis of credits within a certain sector allied with a top down assessment of sector risk reward.
- Overlaying CDS onto cash market analysis: CDS market is often traded on “basis” valuations of cash bonds relative to CDS. IDEAglobal's pre-existing emphasis on cash market trends offers economies of scale.
- Market Intelligence and Surveys: IDEAglobal conducts the industry's first comprehensive weekly survey on CDS market sentiment.
In addition, on an intra-day basis, IDEAglobal’s market intelligence analysts communicate with market participants and exchange information on flows/rumours and market psychology. This will be presented through “rapid-fire” intra day updates available on Credit Derivatives Today Online.
Shandi Modi, Founder of IDEAglobal said: “We are very excited to be the first to launch an analytics and research product for this rapidly expanding market. Our hallmark is independent quality research and strategy, unprecedented access to data, and a succinct and value-added perspective on market developments.”
CDT is designed for both buy-side and sell-side participants and active observers of the credit default swap and derivatives market. There will be coverage of credits in North America, Europe and Asia. The product will utilise IDEAglobal's respected product formula which uses high quality fundamental research and analysis, proprietary insights into market positioning and sentiment, and big picture global market overviews to produce actionable trading advice and strategy. Already, IDEAglobal's 90 strong multi-disciplined global research team is producing respected and cutting edge research on global foreign exchange, money and bond markets.
About IDEAglobal
Established in 1989, privately held IDEAglobal is a financial market and macroeconomic research company providing independent and impartial analysis. IDEAglobal.com helps investors, institutions and professionals manage money, and quickly reach confident trading decisions in all major liquid markets worldwide, including stocks, bonds, currencies, financial futures, options and mutual funds. A research and strategy team of over 100 full time experts, located in three time zones covering the 24-hour market cycle, originates on average 1500 daily pieces of analysis in four languages. This output reaches a community of readers in over 750 financial institutions in more than 80 countries worldwide. The Company's products are delivered in real-time over all key digital distribution channels, including Internet and on-line proprietary networks. IDEAglobal’s website is www.ideaglobal.com.
Contact:
Geoff Forster, Business Manager Credit Derivatives
gforster@ideaglobal.com
+44-(0)20-7664-0205
John Atkins, Head of Research Credit Derivatives
jatkins@ideaglobal.com
+1-(212) 271-0821
John Davitte, Senior Partner
jdavitte@ideaglobal.com
+44-(0)20-7664-0292
