Markit moves into commodities valuation

Markit, the giant independent financial information services firm, will bring energy and commodities risk managers closer to assessing real market risk with its launch of a commodities derivatives valuation service that is set to create more transparency and improve operational efficiency

Markit, which is already a leading provider of price and infrastructure data for the credit, environmental, equities, foreign exchange, loans and structured finance markets, has announced it will now also provide valuations for commodity derivatives in a range of sectors.

Products that will be evaluated include forwards, swaps, spreads and vanilla options in the oil, refined products and chemicals, natural gas and North American and European power, base and precious metals, agriculture and