Markit: No Licensing for Red Index Codes Used for DTCC Confirms

NEW YORK - Information provider Markit has made Markit Red Index Codes freely available on its website for buy-side use for confirmation of indices transactions via the Depository Trust and Clearing Corporation (DTCC), Inside Reference Data has learned.

Red codes, first introduced for credit default swap identification, have always been assigned to represent a given index, series and version number, but previously the use of these codes required a Red license. In addition to the Red index code, M