24 January 2018
visit www.ebaday.com

US Justice Dept. investigates Markit shareholders - Bloomberg

14 July 2009  |  7942 views  |  0 Statue of Liberty

The US Justice department is probing the shareholders of London-based data provider Markit for possible anti-trust breaches in relation to trading in credit default swaps, according to Bloomberg.

The newswire says the US Government agency sent civil investigative notices this month to banks that have shareholdings in Markit to determine if they have unfair access to price information.

“Markit has been informed of an investigation by the Department of Justice into the credit-derivatives and related markets,” spokeswoman Teresa Chick told Bloomberg News. She declined to comment on the nature of the investigation.

Citing "people familiar with the matter", Bloomberg says the notices ask recipients to give the Justice Department details on the amount of their trading, how much they have at risk in the market, the monthly value of their credit swaps and other information.

The letter also seeks the level of current bank ownership in Markit and whether the shareholders have tried to sell their stakes.

 

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

Markit acquires TZ1 environmental registry from NZX

Markit acquires TZ1 environmental registry from NZX

01 July 2009  |  11619 views  |  0 comments
Northern Trust adds Markit post-trade suite to OTC platform

Northern Trust adds Markit post-trade suite to OTC platform

26 May 2009  |  5996 views  |  0 comments
Markit buys JPMorgan loan software unit

Markit buys JPMorgan loan software unit

28 July 2008  |  7893 views  |  0 comments
Markit and DTCC form derivatives trade processing JV

Markit and DTCC form derivatives trade processing JV

21 July 2008  |  12105 views  |  0 comments
Markit to launch multi-dealer valuations platform

Markit to launch multi-dealer valuations platform

21 February 2008  |  5346 views  |  0 comments
Markit buys Boat

Markit buys Boat

22 January 2008  |  12555 views  |  0 comments
Markit to buy SwapsWire

Markit to buy SwapsWire

04 December 2007  |  18046 views  |  0 comments
Markit buys IIC; to acquire CDS IndexCo

Markit buys IIC; to acquire CDS IndexCo

14 November 2007  |  10964 views  |  0 comments
Reuters to deliver Markit CDS data over 3000Xtra

Reuters to deliver Markit CDS data over 3000Xtra

27 September 2007  |  5703 views  |  0 comments
Markit buys MarketXS

Markit buys MarketXS

04 September 2006  |  7453 views  |  0 comments

Related company news

 
visit www.thomsonreuters.infovisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9829 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9512 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8548 views comments | 17 tweets | 11 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
7061 views comments | 6 tweets | 9 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7044 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job