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Markit and Riskval Partner to Create Credit Derivative Platform

Markit, a financial information services company, and RiskVal Financial Solutions, a provider of fixed-income trading and risk management systems, today announced the integration of Markit’s industry standard pricing and reference data into RiskVal’s Credit-X trading platform.

The Credit-X trading platform has integrated a broad array of Markit’s products and services, including Markit RED [1] for CDS and LCDS; Markit Quotes [2], Markit Intraday [3]; Markit Indices [4]; and Markit’s CDS and LCDS spread services [5].

Markit is a financial information services company that offers independent pricing, valuations and trade processing services to help market participants manage risk, improve operational efficiency and meet regulatory requirements. Markit's alliance with RiskVal has created a trading platform that delivers improved risk analysis tools including real time profit and loss management, more accurate data entry and superior credit event management. Credit-X is available as a remotely managed Software as a Service (SaaS) or as an enterprise solution.

Armins Rusis, Executive Vice President and Co-Head of Fixed Income at Markit, said: "The combination of Markit's industry standard data products and services with RiskVal's sophisticated analytics delivers a consistent view of risk and return to the front, middle and back offices that truly empowers buyside firms to act on accurate and timely internal and external information.”

Jordan Hu, Chief Executive Officer of RiskVal, said: “The integration of Markit’s data and pricing into Credit-X creates a best-of-breed credit trading system that simplifies the investment management process for a wide range of credit instruments. We are excited about our partnership with Markit and look forward to delivering this first-rate service to the industry.”