Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that it has been selected by the European Commission to provide fixed income pricing data and liquidity metrics for use in the Commission’s research and policymaking activities.
Kiet Tran, managing director and head of Fixed Income Pricing Data at Markit, said: “Our industry-leading data will provide the European Commission with deeper context and insight for its fixed income market research and analysis. Markit’s independent liquidity metrics offer a standardised approach to measuring liquidity in the financial markets.”
Markit’s fixed income pricing service provides independent pricing, transparency and liquidity data for fixed income instruments to support risk management, price verification, compliance and trading workflows. The service combines a team of over 100 fixed income experts with Markit's robust market quotes and transaction data aggregation capabilities to generate a best in class pricing solution. Markit’s daily coverage of 2.5 million instruments spans municipal bonds, corporate and sovereign bonds, securitised products, bank loans and CDS.