The global credit market is booming, and the requirements for data are increasing, too. Markit, a UK-based provider of credit pricing services, is one of the vendors trying to take advantage of this.
Markit introduced its first product, a credit derivatives data product, in 2003. Later that year it bought Project RED, a credit derivatives service, from Deutsche Bank, Goldman Sachs and JP Morgan. Since then the company has attracted investments from a total of 13 banks, as well as acquiring L
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails