Markit buys Chasen as part of ABS push

Markit has bought New York-based analytics firm Chasen Enterprises as part of an effort to strengthen its structured finance division. Chasen specialises in modelling collateralised mortgage obligations and asset-backed securities (ABS). “In the synthetic products space, we decided that we need to own and control critical parts of infrastructure. It is a company that has an excellent reputation and gives representation on how deals pay out in the future,” says Ben Logan, director in the ABS

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