Principia System incorporates Markit credit default swap data

The incorporation of Markits credit default swap data is a significant enhancement to Principias automated credit derivatives trading and operations platform. Markit provides daily credit default swap composite and contributor level data on over 2,600 individual entities and tiers of debt, gathered from over 45 contributing organizations used to construct more than 13,000 credit curves by entity, tier, currency and documentation clause. The Principia Systems flexible analytic framework has enabled credit derivatives users to price and risk manage products using a variety of available market data. Principia serves a wide range of customers in the insurance, fund management, banking and structured finance markets with its leading trade lifecycle management solutions for a broad host of financial instruments, ranging from vanilla to highly structured. The integration of Markits data further enhances Principias commitment to delivering key market data for the broad array of asset classes that the system manages, which include credit derivatives, cash securities, ABS/MBS, and FX. The ability to provide accurate and consistent data is a major component of the companys mission to provide a comprehensive end-to-end solution that can flexibly serve multiple market segments.