London and New York - Markit Group Limited ("Markit"), the leading industry source for independent mark-to-market pricing and asset valuations, today announced the launch of its Markit Portal, an innovative, web-based intelligence tool for industry professionals seeking the latest comprehensive information on the financial markets.
The Markit Portal combines Markitâs proprietary pricing across CDS, bonds, loans and indices and integrates it with key equity information, quality business news and independent research. The result is an immediate view of market activity and corporate performance, displayed by sector, region or index, or a customised view of a personal universe of issuers. Heat maps, developed in partnership with information mining and analytics specialist Elucidon, signal unusual volumes of news flow or pricing movements.
Lance Uggla, Chief Executive Officer of Markit, remarked: "The Portal is an exciting new product for Markit, designed to ease the burden of assimilating information from a vast range of sources. By providing a consolidated view of the entire market, in a single site, we will make usersâ lives easier and more productive."
More than 4,000 articles and research reports can be viewed throughout the day, with access to Dow Jones Newswiresâ Treasury News, as well as business news sourced from over 500 websites. In addition, the Markit Portal features access to premium independent research services from CreditSights, KDP and Standard and Poorâs with more sources to follow.
The Portal is entirely internet-based, accessible from anywhere through a browser, and requires no additional software. Users do not need to know complex ticker codes or menus as the Portalâs intuitive design makes it the easiest way to analyze financial market information.
The Markit Portal is aimed at a broad spectrum of the professional financial community seeking an aggregated view of pricing, news and research, ranging from hedge funds, asset managers, private banks and news and research organizations to areas such as sales and trading, and corporate finance at investment banks.
The launch of the Markit Portal follows three months of intensive beta testing by over 25 firms and over 350 users at a wide range of global investment banks, hedge funds and traditional asset management firms.
David Benarous, Portfolio Manager at AXA said: "The Markit Portal offers a unique view of market activity driven off Markit pricing for CDS, bonds and loans combined with entity static data that is nicely integrated with relevant business news and research, giving me independent information I need, all in one place, in an easy to use package."
Charles Longden, Head of Structured Credit at ABN AMRO commented: "The Markit Portal offers an excellent vantage point from which to survey the markets. The Portal is extremely easy to use and offers well-crafted displays of essential market information that offer unique insight. The presentation and functionality of the whole package are first class."
Michael Bergmeijer, Vice President, International Sales and Marketing, Dow Jones Newswires, highlighted: "The Markit Portal brings the most vital elements of financial market information from trusted sources together in a form that is comprehensive yet simple to use. In this age of information overload, I am sure this combination will be a vital resource for financial professionals."