Deutsche Bank Selects Markit as Calculation Agent for ETFs

London, 23 January – Markit Group Limited (“Markit”), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets, today announced that it has been selected by Deutsche Bank as calculation agent for the db x-tracker Exchange Traded Funds (ETFs) which launched today.

The db x-trackers, listed in Germany, comprise eight indices which are linked to the DAX®, SMI®, S&P/MIB, DJ EURO STOXX50®, MSCI USA, MSCI JAPAN, MSCI EUROPE and MSCI WORLD INDEX. 

Markit will act as calculation agent for this family of ETFs and will provide the daily ETF composition file.  Deutsche Bank already uses Markit’s industry standard dividend forecasting and index management services.

John Price, Managing Director and Head of Equities at Markit, commented: “Over the past three years, Markit has consolidated its position as the leading provider of index and ETF constituent management, and currently handles over 20,000 indices every day, including closing, opening and future composition of each index, where appropriate.  Managing bespoke ETFs and baskets on behalf of our customers is a logical extension of these capabilities and we are delighted that Deutsche has entrusted Markit with this important role.”    

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For further information, please contact:

Markit

Teresa Chick

Director, Corporate Communications

Tel: +44 20 7260 2094                                                   

Email: teresa.chick@markit.com

About Markit

Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets.  The company receives daily data contributions from over 70 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. 

Markit’s position in the derivatives markets has been acknowledged by the industry with numerous awards.  In 2006, the company won Operations Management’s Vendor of the Year award (Trade Processing); Financial News’ Best Derivatives Data Solution and Best New Vendor Solution (Portfolio Valuations); Credit’s Best Operational Support Services Provider; Inside Market Data’s Reference Data Provider of the Year, and Company to Watch; Risk’s Trading Initiative of the Year (Credit Event Fixings); and Structured Finance International’s Editor’s Award for Advancing Structured Finance.  In 2005, Markit received International Securitisation Report’s Editor’s Award for Innovation; International Financing Review’s Innovation of the Year (Credit Event Fixings); Financial News’ Best Derivatives Data Provider; and Operations Management’s Vendor of the Year award.