Markit keeps on turning up the numbers
|
|
"The banks were pumping more and more money into their valuations teams to provide prices to investors but their clients were not happy with the outcome"
Jeff Gooch, Markit |
Markit continues to grow its portfolio of products and offerings. The latest is called Valuations Manager, which is slated as the first global, multi-bank, cross-asset client platform. Citi, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch and UBS are the first banks to have signed up, and will provide Markit with end-of-day and end-of-month client valuations for OTC derivatives and cash securities. Markit will aggregate this data and enable funds to access the composite dealer marks in addition to Markit’s independent valuations – all on a single platform.
Valuing even the most simple, straightforward security has become a difficult business in the present turmoil. Just as ample liquidity was taken for granted by...
You do not currently have access to this content. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe