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Global Custodian names Markit as most innovative data provider

Markit, a leading, global financial information services company, today announced that it has won Global Custodian’s inaugural award for the most innovative market data provider.

Markit was recognised for the breadth of its data and its processing offering, which spans securities finance, reference data, corporate actions and OTC trade processing and services custodians, prime brokers and administrators around the world.

For the first time, the editors of Global Custodian extended their awards programme to recognise the technology firms supporting the securities services market. The winners of each category were announced and honoured alongside Global Custodian’s annual survey awards at the 2013 Global Custodian Awards for Excellence event.

Armins Rusis, managing director and cohead of Information at Markit, said: “We have hundreds of customers that we reach through our securities services relationships. We are committed to providing innovative products that meet their specific requirements, and are able to offer a higher standard of service by combining multiple datasets and investing in technology. We are delighted to see our efforts recognised with this award.”

Janet du Chenne, online editor and senior writer at Global Custodian, said: “Global Custodian aims to recognise the firms that are bringing real innovation to custodians, prime brokers, administrators and their end clients. We both surveyed the market and accepted nominations from the industry before recognising Markit as best market data provider.”