Lance Uggla, chief executive of Markit, pauses a moment and opens a door: “You should see this,” he says.
It’s impossible to know what lies behind that door, but the financial information services company Uggla founded with four former colleagues in 2001 now has more than 2,000 staff and provides its customers with around 1.8 million price updates per minute – so an educated guess might be some kind of IT nerve centre, a thousand screens glowing with data.
In fact, the door opens to reveal two
- Regulators to scrutinise CCP default auctions
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Sefs, Libor fallbacks and risk governance in Asia
- VAR surges, revenues tank at French banks hurt by volatility
- A rush on Libor fallbacks to head off holdouts