Markit Group Limited (“Markit”), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets, today announced that it has been selected by Deutsche Bank as calculation agent for the db x-tracker Exchange Traded Funds (ETFs) which launched today.
The db x-trackers, listed in Germany, comprise eight indices which are linked to the DAX®, SMI®, S&P/MIB, DJ EURO STOXX50®, MSCI USA, MSCI JAPAN, MSCI EUROPE and MSCI WORLD INDEX.
Markit will act as calculation agent for this family of ETFs and will provide the daily ETF composition file. Deutsche Bank already uses Markit’s industry standard dividend forecasting and index management services.
John Price, Managing Director and Head of Equities at Markit, commented: “Over the past three years, Markit has consolidated its position as the leading provider of index and ETF constituent management, and currently handles over 20,000 indices every day, including closing, opening and future composition of each index, where appropriate. Managing bespoke ETFs and baskets on behalf of our customers is a logical extension of these capabilities and we are delighted that Deutsche has entrusted Markit with this important role.”
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