London-based data provider Markit has begun a daily service providing fair-value spreads for credit default swaps (CDS), referenced to certain asset-backed securities (ABS) in North America.
Creditex and Markit have, in partnership with major credit derivative dealers, conducted credit event fixing to generate cash settlement prices for Delta Airlines and Northwest Airlines, whose bonds defaulted on September 14.
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.
Dow Jones Indexes, Markit and CDS IndexCo, a consortium of 16 investment banks, have signed agreements to govern the licensing, marketing and calculation of the Dow Jones CDX indexes.
Mark-it Partners, a UK company providing daily pricing information on credit derivatives and cash credit instruments, has signed up French bank Credit Agricole Indosuez (CAI), its first French client.
UK credit pricing provider Mark-It Partners has poached Penny Davenport from rival London-based valuations service provider Lombard Risk Systems. Davenport will be responsible for integration and management of the company's Project Red credit derivatives...
Mark-it Partners, the UK provider of daily pricing information for cash credit and credit derivatives, has hired Stefan Trifonov from Raiffeisenbank in Bulgaria as an analyst, as part of an on-going drive to boost its headcount.