Markit develops cash/derivatives cross-asset system

Data provider Markit Group plans to launch a cross-asset valuations platform. Markit says its Valuations Manager will provide over-the-counter derivatives and consensus cash valuations on a single platform for the first time.

Six investment banks are working with Markit to support the launch of the platform. Citigroup, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch and UBS will provide Markit with end-of-day and end-of-month client valuations for OTC derivative instruments and cash securit

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