11 December 2016
Visit aciworldwide.com

Mark-It Partners acquires Totem Valuations

05 May 2004  |  6808 views  |  0 Mark-It Partners acquires Totem Valuations

Credit pricing firm Mark-It Partners has acquired Totem Valuations, the UK-based supplier of OTC derivatives consensus valuations.

Mark-it's acquisition of Totem - which currently supplies over 30 of the premier investment banking houses with monthly data on markets in Europe, Asia and North America - offers the firm an entree into new asset classes such as equity derivatives, interest rates, foreign exchange and commodities. The combined business will have 160 clients on its customer roster, presenting further opportunities for cross-sales and referrals.

Lance Uggla, Mark-it Partners CEO and founder, says the recent wave of accounting scandals demonstrates a continuing need for independent mark-to-market data. "Totem's impressive seven year track record, as well as the strength of its relationships with the regulatory and accounting communities, provided us with the impetus for our initial approach to the business."

He says the Totem subsidiary, Dividend Directory Limited (DaDD) - which offers dividend forecasting and index management services - will be an important part of the enlarged business.

Says Uggla: "The combination of Dividend Directory’s services with Mark-it Partners’ fixed income data and reference entity database, Mark-it RED, will bring significant benefits to all institutions running portfolios of dividend and interest paying securities."

Financial details of the acquisition have not been disclosed.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Mark-it Partners deploys Caplin RTTP platform

Mark-it Partners deploys Caplin RTTP platform

20 April 2004  |  6513 views  |  0 comments
Mark-it Partners secures equity from nine more banks

Mark-it Partners secures equity from nine more banks

12 January 2004  |  3608 views  |  0 comments
Mark-It Partners to acquire LoanX

Mark-It Partners to acquire LoanX

16 December 2003  |  7503 views  |  0 comments
Mark-it signs 16 to reference entity database service

Mark-it signs 16 to reference entity database service

25 September 2003  |  5494 views  |  0 comments
Mark-it partners S&P for Project Red numbering system; S&P expands data sets

Mark-it partners S&P for Project Red numbering system; S&P expands data sets

23 September 2003  |  7423 views  |  0 comments
Mark-IT strikes Barclays' data deal

Mark-IT strikes Barclays' data deal

08 September 2003  |  4098 views  |  0 comments
Mark-it Partners launches RED database service

Mark-it Partners launches RED database service

29 August 2003  |  3905 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit aciworldwide.comVisit VocaLink.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
9039 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8489 views comments | 38 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8144 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7459 views comments | 24 tweets | 13 linkedin
N26 opens up to 17 European countriesN26 opens up to 17 European countries
7043 views comments | 16 tweets | 24 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job