Mark-it snares first French contributor
Mark-it Partners, a UK company providing daily pricing information on credit derivatives and cash credit instruments, has signed up French bank Credit Agricole Indosuez (CAI), its first French client.
CAI is the company’s tenth customer since its inception in 2001. Mark-it hopes to unveil a slew of new customers in France and other European countries such as Italy, Germany, the Netherlands and Scandinavia within the next couple of months. Gould said Mark-it is in talks with about 75 institutions.
Mark-it chief executive Lance Uggla said: “Our overall marketing strategy in Europe is to continue to grow the contributions from important players in regional markets to be able to provide a benchmark service on both local and international credit.”
An official working for the credit derivatives department at BNP Paribas confirmed the bank was in ongoing talks with Mark-it, but stressed that talks were at an early stage. Officials at other large French banks were unavailable for immediate comment.
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