Euroclear Bank and Markit partner on Eurobond data initiative

17 September 2012

Markit has formed a partnership with Euroclear Bank’s to distribute eurobond reference data, giving financial market participants direct access to information on more than 200,000 eurobonds. Euroclear Bank is a provider of cross-border settlement and related services for bond, equity, derivative and fund transactions, and will improve the reach of its data services with this deal.

Markit gains access to extra in-depth data for its clients thanks to the partnership. It will be responsible for the marketing and distribution of Euroclear Bank’s eurobond data, allowing customers to make better informed decisions on an intra-day basis. Markit will also optimise the data by cross referencing it against its own entity and industry sector identifiers and a wide range of additional identifiers. This should enable Markit’s customers to process the data efficiently and support their Eurobond trading activity, especially as the standardised legal entity identifier (LEI) rules being demanded by the G-20 come into place.

“By combining Euroclear Bank’s extensive data set with our expertise in aggregating, validating and distributing complex information, we will be able to deliver comprehensive and timely solutions for the eurobond market,” said Armins Rusis, managing director and co-head of information at Markit, before adding that the initiative, “underpins our goal to bring greater transparency and efficiency to the global financial markets.”

By Neil Ainger

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