Markit keeps on turning up the numbers
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“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” |
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.
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