Mark-it and eClerx provide joint risk benchmarking services

Mark-it Partners, the daily pricing service for credit derivatives, has teamed up with Mumbai-based eClerx, a provider of data and risk analysis services, to provide joint clients with risk benchmarking capabilities using Mark-it credit and reference entity database (Red) data.

Red is designed to facilitate credit derivatives trading by bringing legal certainty to deals. It does this by matching reference entities with their associated benchmark bonds or reference obligations.

“This alliance allows us to deliver a richer set of risk analysis to our customers, more quickly and thoroughly than we are able to at present,” said Anjan Malik, director of eClerx.

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