Fitch Solutions, a division of the Fitch Group that focuses on the development of fixed income products and services, has teamed up with Pricing Partners to allow users of Pricing Partners' Price-it Solution with Fitch Solutions market data license to access Fitch Solutions' market data on OTC credit derivatives.

The strategic partnership enables integration of CDS spreads market data from Fitch Solutions into Price-it Excel, a cross asset independent valuation platform.

In a statement, Ian Rothery, Global Head of Strategic Partnerships at Fitch Solutions, said, "Pricing Partners is a key industry player and this partnership is a natural fit which further underscores Fitch Solutions' position as a leading data vendor. It will broaden market access to Fitch's CDS data, providing more users with greater transparency on pricing in OTC credit markets, and we look forward greatly to working with Pricing Partners."

Eric Benhamou, CEO of Pricing Partners, added, "Market data are a key element in the valuation. Today, it is critical that our clients gain access to recognized and reliable market data. The various advantages under this partnership will allow our clients to quickly integrate and connect the flow of Fitch Solutions to our models and thereby obtain very accurate valuations on their credit derivatives at the use of Price-it Excel."