Markit unveils multi-bank valuations service
Markit has been working on the project for more than a year and plans to launch the platform early in the third quarter of this year.
Six investment banks - Citi, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch and UBS - are working with Markit to launch the platform and will be immediately connected to feed in their own valuations.
"There has been a general feeling that the valuation process - from the point of view of both funds and banks - is expensive, slow and risky," says Jeff Gooch
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