- Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing to the global financial markets, today announced that it was voted Data Vendor of the Year at the 2008 Global Investor Awards.
The accolade recognises data vendors that have made a significant contribution to the buy-side community thanks to the quality of their financial information services. The panel of judges was comprised of Global Investor’s editorial team who consulted independent third parties.
Global Investor noted that Markit has established itself as a leading player in the OTC markets, setting industry standards in independent pricing, portfolio valuations and trade processing across asset classes. The panel highlighted the role played by the Markit indices in the credit markets as well as the work the company has undertaken to increase the efficiency of the matching, confirmation and settlement processes within the trade life cycle.
Caroline Allen, Editor of Global Investor, said: “The work Markit is doing to promote understanding, transparency and efficiency on the buy-side was considered extremely valuable. The importance of reliable, up-to-date data and data systems has never been greater.”
Mike Rushmore, Executive Vice President, Sales and Marketing at Markit, said: “We are delighted that our contribution to the industry has been acknowledged by Global Investor with this award. With a number of services specifically designed for the buy-side, Markit now has more than 1,000 buy-side institutions using our services to manage risk, enhance trading activities and improve operational efficiency.”
Global Investor is a monthly magazine dedicated to the international investment community.
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