Lefferts joins Markit from NASD where he was Vice President and Head of Fixed Income Strategy, and was responsible for TRACE (Trade Reporting and Compliance Engine), the NASDâs corporate bond reporting facility. Before joining NASD in 2003, he worked at Instinet Group where he spent 10 years in the equity and debt capital markets divisions.
Kevin Gould, Executive Vice President and Head of Data Products and Analytics at Markit, said: âDavidâs experience managing the TRACE transparency initiative when at NASD will help Markit expand its benchmark data set and will reinforce our ability to deliver high quality prices to our clients in compliance with regulatory requirements for best execution.â
Markit brings price transparency to the financial markets, and its services are used by over 600 institutions to enhance trading operations, reduce risk and manage compliance.