Markit Announces Acquisition of Reporting and Data Specialist CoreOne
Deal valued at $200 million boosts Markit’s reporting and data management product offering.
The acquisition, valued at $200 million, is expected to close in Q4 2015 subject to regulatory approval. Markit will take on CoreOne's key products ─ RegOne (trade execution and regulatory reporting), DeltaOne (index and ETP coverage), VistaOne (data warehouse, reporting and documentation) and PrimeOne (prime brokerage services) ─ all of which will be integrated into its solution portfolio.
"CoreOne is a great fit for Markit," says Lance Uggla, chairman and CEO of Markit. "Their services will strength our offerings and will allow us to better serve our customers. The transaction is consistent with our long-term strategy to accelerate organic growth through acquisitions."
Earlier this year Markit also acquired Information Mosaic (June), a solutions provider for corporate actions, asset servicing and securities processing, and analytics, and the Halifax House Price Index from Lloyds Banking Group (March). In January 2014 Markit completed the acquisition of London-based portfolio management system provider thinkFolio, following the procurement of enterprise data management provider Cadis in May 2012.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
New LLMs are proving to be surprisingly good quants
Strides in AI’s ability to do maths mean models can plausibly help with research.
Broadridge’s agentic strategy takes its lessons from past AI winters
The Waters Wrap: Anthony looks at a real-world agentic project underway at the post-trade giant to see what others can learn.
Firms look to decommission legacy tech and embrace a range of cloud-based tools
Survey of capital markets firms reveals a demand for cloud-native analytics, as well as an increased adoption of artificial intelligence technology from across the industry. However, challenges around cost and migration complexity persist when it comes…
LSEG’s TradeAgent to challenge swap confirmation monopoly
Post-trade platform aims to extend clearing efficiencies to bilateral markets beyond SwapAgent.
Buy-siders invest in private-markets platform, Broadridge expands crypto dealings, and more
The Waters Cooler: CME, ICE, and Nasdaq make other headlines; market data price increases slow; a new Cusip lawsuit and more.
Jump Trading CIO: Prop AMMs allow users to create ‘a mini Jump Trading’
Dave Olsen said at FIA Boca that a new concept, proprietary automated market-makers, had grabbed the firm’s attention this year.
SigTech’s closure amid agentic AI boom raises questions
Sources say competition from leading AI companies was too stiff to combat.
Apac buy-side firms embrace AI, automation to optimize business processes
Survey of Apac buy-side firms shows growing AI, API and automation usage to enhance investment workflows and enable data integration
