Markit Group Limited (Markit), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets, today announced that it has appointed David Lefferts as a Director.
Lefferts, who will be based in New York, will focus initially on developing tools to determine "fair value" and to measure best execution.
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 NASD's 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: "David's 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."