Mark-it Partners rebrands
06 December 2004 | 749 views | 0
Source: Mark-it Partners
Mark-it Partners Ltd., the world's first integrated daily pricing service for global credit derivatives, cash credit instruments and syndicated loans, today announced it has rebranded as 'Markit'.
The new name reflects the full integration of the LoanX, Totem, DaDD and TIMS businesses, acquired over the last twelve months, within the core business. All products have now adopted the global Markit brand.
Totem, the leading global OTC derivatives valuations provider, will now be known as Markit Valuations; DaDD, the market standard in dividend forecasting, becomes Markit Dividends; TIMS, the provider of time-critical, validated updates for the constituents of the vast majority of the world's equity indices, will be called Markit Index Management; and LoanX, the most comprehensive loan pricing platform in the market, takes on the name Markit Loans.
Lance Uggla, Chief Executive of Markit, comments: "The integration of previously independent businesses under a single brand has been driven by client demand for simplified sourcing of critical valuation, analytics and data across multiple asset classes. This has been a year of considerable expansion for Markit, and we will continue to add value through an evolving suite of market-leading products that promote transparency and liquidity in the financial markets."