Markit to calculate iTraxx values

Markit will be responsible for collecting price data and calculating and publishing the daily closing values. The indexes include European, high-volatility, Asia ex-Japan, Japanese, Australian and other sub-indexes.

Markit already provides a weekly tradeable credit fixing for the Europe, HiVol and Crossover indexes, via an online auction operated with New York-based electronic trading platform Creditex.

IIC chief executive David Mark said the move was aimed at improving user confidence in the indexes, as the number of structured products referencing iTraxx increases.
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