Markit
Ice storm
Iceland
Second credit-event auction to be held on LCDS
London-based data provider Markit has announced it will hold a credit-event auction on Ontario-based door manufacturer Masonite International, to settle loan credit default swap (LCDS) trades referencing the company.
Markit names risk management head
London-based data provider Markit has appointed Sal Naro as global co-head of equities, commodities and risk management.
Landsbanki bonds settled at 1.25% and 0.125%
In an auction to cash-settle credit default swaps (CDSs) tied to Icelandic bank Landsbanki, recovery rates on its senior and subordinated debt were set at 1.25% and 0.125% today, respectively.
The price was right
Credit derivatives
Lehman recovery rate set at 8.625%
A final value of 8.625% was set on the bonds of Lehman Brothers today, in an auction intended to cash-settle credit default swap (CDS) trades linked to the toppled dealer.
Auction determines settlement price for Fannie and Freddie
An auction to determine settlement prices on credit derivatives referencing Fannie Mae and Freddie Mac took place yesterday, making it by far the largest credit event fixing to have taken place since the process was first introduced in 2005.
LCDX index roll postponed indefinitely
London-based data provider Markit is postponing the roll of its LCDX index of 100 North American loan credit default swaps (LCDSs) until negotiations for a new single-name US LCDS contract are finished.
Markit and DTCC plan to merge OTC services
London-based data provider Markit and New York-based Depository Trust and Clearing Corporation (DTCC) have announced their intention to form a new company to serve the over-the-counter derivatives markets.
Markit appoints head of bespoke index service
London-based data provider Markit has hired Scott Stark as a director in its index division, leading a new bespoke index service.
Marcus Schüler joins Markit
London-based data provider Markit has appointed Marcus Schüler as managing director in sales and marketing.
Markit's Red now free to low-volume buy-side firms
London-based data provider Markit has created a free licence for the Markit Reference Entity Database (Red), aimed at smaller buy-side firms.
Markit hires Longden from ABN Amro
London-based data provider Markit has appointed Charles Longden as managing director in fixed income and credit.
Markit to launch synthetic municipal bond index
Markit plans to launch its Markit MCDX index on May 6, an index of 50 municipal bond credit default swaps (CDS).
One-way fear
ABX Index
Markit buys BOAT
Daily news headlines
Markit opens Sydney office
London-based Markit, a provider of independent data, portfolio valuations and over-the-counter derivatives trade processing, has opened an office in Sydney, its first in Australia and third in the Asia-Pacific region.
Markit adds AJ tranche to CMBX indexes
London-based data provider Markit added a new tranche, the AJ tranche, to the off-the-run Markit CMBX indices on January 4.
Markit to buy Swapswire
London-based data services provider Markit has agreed to acquire the London electronic trade confirmation firm Swapswire.