Markit under DOJ microscope

The US Department of Justice began an investigation last month into whether the firm had engaged in antitrust activities, including requiring clients to purchase bundled service packages in order to access its indexes, and restricting trade clearances, according to reports by Bloomberg News and The New York Times.

According to unnamed sources in a Bloomberg article published on August 3, Markit required a clearinghouse client to buy one of its pricing service offerings in order to use the firm's

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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