Mark-it Partners Rolls Entire Product Suite into New Markit Brand
London, 6 December 2004 - Mark-it Partners Ltd., the world's first integrated daily pricing service for global credit derivatives, cash credit instruments and syndicated loans, today announced it has rebranded as 'Markit'.
The new name reflects the full integration of the LoanX, Totem, DaDD and TIMS businesses, acquired over the last twelve months, within the core business. All products have now adopted the global Markit brand.
Totem, the leading global OTC derivatives valuations provider, will now be known as Markit Valuations; DaDD, the market standard in dividend forecasting, becomes Markit Dividends; TIMS, the provider of time-critical, validated updates for the constituents of the vast majority of the world's equity indices, will be called Markit Index Management; and LoanX, the most comprehensive loan pricing platform in the market, takes on the name Markit Loans.
Lance Uggla, Chief Executive of Markit, comments: "The integration of previously independent businesses under a single brand has been driven by client demand for simplified sourcing of critical valuation, analytics and data across multiple asset classes. This has been a year of considerable expansion for Markit, and we will continue to add value through an evolving suite of market-leading products that promote transparency and liquidity in the financial markets."
For further information, please contact:
Markit
Teresa Chick
Marketing and Communications Manager
Tel: +44 (0)20 7890 5094
Email: teresa.chick@markit.com
Citigate Dewe Rogerson
Clare Allison/Rebeca Denny
Tel: +44 (0)20 7638 9571
firstname.lastname@citigatedr.co.uk
Notes to Editors
About Markit
Founded early in 2001 with the support of contributing data partners ABN AMRO, Bank of America, Citigroup, CSFB, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, TD Securities, and UBS, Markit currently receives daily credit default swap (CDS) pricing on over 4,000 issues and receives pricing on over 27,000 cash securities. Partner banks and contributing data providers now total over 40 institutions globally. These institutions feed current and historical credit data into the Markit system on a daily basis, facilitating better decision-making and credit risk management within banks' credit operations.
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