“We’ve anticipated the availability of independent daily credit pricing data for some time," said Justin Herlihy, principal and head of fixed-income product development in London for BGI. "Mark-It’s service will provide us with the additional market information necessary to better monitor our positions, manage our risk and support our operations.”
Lance Uggla, chief executive of Mark-it Partners, said the addition of Barclays Capital’s credit data will further enhance the depth of data coverage offered by Mark-it. At present, Mark-it’s partners include 13 major institutions. Barclays has not signed up to use the credit reference entity database, Red. Mark-it said last Monday that it intends to sign up between 12 and 20 major credit derivatives dealers to use Red within the next two weeks.
The week on Risk.net, July 7-13, 2018Receive this by email