This new pricing capability covers all three major CDO types—asset-backed security, commercial real estate and trust preferred security—and provides end-of-day valuations based on asset-level analysis. CDOs are priced by a team of expert evaluators, with access to analytics and current market color, which is then applied to the fundamental cash-flow analysis, offering customers greater transparency into the CDO market. The offering is part of Thomson Reuters Pricing Service (TRPS), a global solution that provides evaluated prices to support portfolio, fund and single security valuations.
“The evaluated pricing space continues to grow at a rapid rate based on increased demand for independent and transparent pricing,” said Debra Walton, managing director and head of enterprise content at Thomson Reuters in New York.
The launch of the new CDO pricing capability supports Thomson Reuters’ vision to bring greater transparency to the financial community and further expands the breadth of evaluated pricing data available through TRPS.