Markit launches multi-dealer valuations platform

The new platform incorporates a dispute mechanism and workflow tools with full audit trail to enhance the price challenge process. Markit Valuations Manager is integrated with Markit's Trade Processing PortRec service to enable full life cycle support for OTC derivative positions including counterparty position data delivery, reconciliation, and valuation. Markit is launching the platform with six banks: Bank of America Merrill Lynch, Citi, Credit Suisse, Goldman Sachs, JP Morgan, and UBS. I