Markit Named Best Operational Support Provider for the Second Year Running

London and New York - Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, has been named “Best Operational Support Provider” for the UK, Europe and the U.S. by Credit magazine. This is the second year running that Markit has topped the magazine’s annual ranking in this category.

The Credit awards are based on a rigorous voting process and a series of interviews with some of the largest credit investors in the world. Industry insiders praised Markit’s index management and reference data services and highlighted its role in the inaugural credit event auctions. Markit’s reference cashflow database, which calculates cashflows on all credit default swaps of asset-backed securities transactions, was described as playing a crucial role in this growing market.

Jeff Gooch, Executive Vice-President and Head of Portfolio Valuations and Trade Processing at Markit, said: “Because they are based on a rigorous process and evaluate the views of people in the credit industry, the Credit magazine awards are a ringing endorsement of our products and services. It is good to see that the efforts we are putting into developing solutions which bring greater efficiency and transparency to the financial markets are being acknowledged for meeting the industry’s needs.”

Credit magazine is a monthly publication for buy- and sell-side credit professionals worldwide and has a monthly readership of more than 10,000.

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For more information please contact:

Markit
Caroline Lumley
Associate, Corporate Communications
Tel: +44 20 7260 2047
Email: caroline.lumley@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 85 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.