Markit
Markit buys IIC and CDS IndexCo
London-based market data provider Markit is to expand by taking over the dealer-owned International Index Company (IIC), which produces the iTraxx credit indexes and the iBoxx bond indexes, and the dealer consortium CDS IndexCo, which produces the CDX…
Short iTraxx funds begin trading
Three exchange-traded funds (ETFs) based on the total return of short European credit derivatives index positions begin trading this week.
LCDX index tranches trade today
CDS IndexCo, a consortium of banks, and London-based data provider Markit have launched tranches on the LCDX North America index of loan credit default swaps (LCDSs).
Markit estimates first-day volume of $11 billion on LCDX
The LCDX index of North American loan credit default swaps (LCDS) saw trades totalling over $11 billion notional during its debut on May 22, according to London-based data provider Markit.
Markit launches ABCDS spread service
London-based data provider Markit has begun a daily service providing fair-value spreads for credit default swaps (CDS), referenced to certain asset-backed securities (ABS) in North America.
Markit and Calypso join forces to speed up trade confirmations
London-based data provider Markit and San Francisco capital markets trading software company Calypso have announced that the US-based company will integrate Markit Trade Processing into its software platform.
Lefferts joins Markit in best execution role
London-based data provider Markit has today announced the appointment of David Lefferts as a director.
Markit signs new derivatives processing client
Markit, the London-based data provider, has signed asset managers CQS as a client of its trade-processing service.
Markit continues acquisition spree
Markit has acquired Netherlands-based MarketXS, a provider of software and technology for data distribution and trading solutions to the financial services industry.
Icap launches improved credit trading platform
London-based interdealer broker Icap has launched an upgraded credit trading platform, including pricing information on OTC derivatives from Markit.
Markit buys Chasen as part of ABS push
Markit has acquired New York-based analytics firm Chasen Enterprises as part of an effort to strengthen its structured finance division.
Markit to supply FSA with CDS pricing
The UK Financial Services Authority (FSA) has picked Markit to supply pricing information on credit derivatives.
Markit acquires derivatives trading technology provider
Markit Group, the UK-based pricing, valuation and data provider, has acquired Communicator, a technology provider of automated solutions for the processing of over-the-counter derivatives, secure real-time communications, and compliance and counterparty…
Markit to calculate iTraxx values
Frankfurt-based International Index Company (IIC) has appointed UK-based data services provider Markit as exclusive calculation agent for the iTraxx indexes, which track the prices of credit derivatives.
Markit launches portfolio valuation service
London-based data services provider Markit has launched a global portfolio valuation service, which will provide post-trade calculations of gross asset values of securities, alongside vanilla and exotic over-the-counter derivatives.
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Markit and CDS IndexCo launch synthetic ABS index
CDS IndexCo and Markit Group have teamed up to launch ABX.HE, a synthetic asset-backed securities (ABS) index of US home equity ABSs. The index will formally debut January 18.
ABX index to launch next week
The ABX asset-backed security index will launch next week as an easier way for investors to take positions in default risk on US residential mortgages, according to its developers, Markit and CDS IndexCo.
Markit and FT Interactive Data to form strategic alliance
Markit and FT Interactive Data have formed a partnership in corporate and government bond evaluations that the companies believe will provide a greater degree of transparency in the credit markets.
Markit launches inflation derivatives valuations
Markit has launched a valuations service for inflation derivatives that will cover European, US, UK and French zero coupon swaps going out to 30 years.
Markit unveils European ABS pricing service
UK data services provider Markit has launched a same-day pricing service for European asset-backed securities (ABS).
Quantifi integrates Markit's CDS pricing into models
New Jersey-based credit risk analytics specialist Quantifi has integrated Markit’s mark-to-market credit default swap (CDS) pricing into its credit models.
High risk credits spark recovery swap revival
The high profile bankruptcy protection filing by US auto parts manufacturer Delphi last weekend and the subsequent downgrading of General Motors (GM) by Standard & Poor’s have heightened market interest in recovery swaps, say dealers.