IHS, a provider of information and analytics to corporate America, and Markit, a market data and trading solutions vendor based in the U.K., have signed a definitive agreement that will combine the two in an all-share merger of equals to create an $13 billion provider of market data, analytics and solutions, say officials from both… Read More >>
BAE Profiles ‘World’s Most Dangerous Cybercriminals’
Six Types of Cybercriminal to Avoid BAE Systems, the London-based, multinational security company, recently released profiles of “six prominent types of cybercriminals” and detailed how they could hurt companies around the globe, officials say. Threat intelligence experts at BAE Systems have compiled a list, “The Unusual Suspects,” that has been created from “research that uncovers… Read More >>
CloudMargin and Markit Move Valuation to the Cloud
CloudMargin to Feature Markit’s Portfolio Valuation Services The portfolio valuation services of Markit, a financial information services and systems vendor, will become available via CloudMargin, a cloud-based, collateral management software platform, say officials from both providers. The combine services are timed for upcoming requirements on initial and variation margin “within the BCBS IOSCO framework, set… Read More >>
Integration Software from JPMorgan to Bolster Markit Clear
Financial data, systems and services vendor Markit will be using integration software acquired from JPMorgan to help pave the way for the straight through processing (STP) of loan transactions and to bring greater settlement efficiency to the syndicated loan market, officials say. Markit officials are not disclosing the financial terms of the acquisition, but they… Read More >>
Markit Lines Up Clients for KY3P Platform
Two Asset Managers Take KY3P Platform Markit, a provider of financial information services and systems, reports that two asset managers — BlueBay Asset Management and Loomis, Sayles & Co. — and a software services company Luxoft are new customers for Markit’s Know Your Third Party (KY3P) platform. The sales for the KY3P platform have been… Read More >>
Amazon Web Services to Support Key Markit Systems
Markit Signs On for Amazon Web Services A provider of data services and systems, Markit has adopted the low-rent cloud computing support of Amazon Web Services (AWS) to support “Markit products and services including enterprise data management (EDM), thinkFolio, WSO, indices and processing,” according to Markit officials. Markit EDM and WSO customers across North America… Read More >>
Markit to Acquire Loan/SERV and Meld It to Markit Clear
Financial information services and systems vendor Markit is acquiring the position reconciliation technology assets of DTCC Loan/SERV (Loan/SERV), a subsidiary of post-trade infrastructure provider DTCC, in an effort to integrate Loan/SERV’s service into the Markit Clear loan inventory platform, say Markit officials. The financial terms of the acquisition were not disclosed and Markit will not… Read More >>
Fears Grow Over High-Impact Attack: DTCC Survey
Risk Managers’ Fears Grow Over High-Impact Event: Survey Fears over the threat of “a high-impact event” is increasing among risk managers, according to the latest DTCC Systemic Risk Barometer Survey. The new survey on risk trends among those in the financial services industry shows that 61 percent of risk managers “believe the probability of a… Read More >>
SwapClear to Use Markit’s New Netting Service
The SwapClear clearinghouse is using a netting synchronization service for cleared, over-the-counter (OTC) derivatives just launched by financial information services vendor Markit. Markit is introducing the service in a bid to help banks “automatically update their risk systems after netting and compression activity at their clearing houses,” say vendor officials. “Netting exposures within a clearing… Read More >>
Does Markit Have a ‘Game-Changer’ for Mitigating Third-Party Op Risk?
(Editor’s note: Markit, a financial information services vendor, has launched a seminal offering, dubbed the Know Your Third Party (KY3P) service. It’s a centralized, cloud-based data hub intended to help financial services firms better manage the operational risk that comes with third-party risk providers. The service, hosted by Dell Cloud Services, can be used for… Read More >>
