BlackRock gets Mark-it credit boost

DATA | ASSET MANAGER USES CREDIT DATA TO BOOST PRICING AND RISK CAPABILITY

LONDON and NEW YORK – US asset manager BlackRock has signed a deal to use credit data from UK-based Mark-It Partners to improve its risk management and pricing processes for credit, cash and derivative products in its investment portfolios. The asset manager will also make the data available to clients of its risk management and valuations services subsidiary, BlackRock Solutions.

The deal was signed in late July, although Kevin Gould, Mark-It's chief operating officer, says credit data is al