Markit receives SAS 70 Type II certification

Markit has completed a Statement on Auditing Standards No. 70 (SAS 70) Type II examination of its Portfolio Valuations business, an outsourced service to buy-side participants in the cash and derivative markets that require independent asset valuations. SAS 70, an auditing standard issued by the American Standards Board and the American Institute of Certified Public Accountants, is a formal certification by an external auditor of the integrity of a company's business processes, including its