Markit Voted Best Provider of Independent Valuations

LONDON and NEW YORK--Markit, a leading, global financial information services company, has won Credit magazine's award for "Best Third-Party Asset Valuation Provider." The Credit Awards were presented on July 15 at a ceremony in London.

Winners of the Credit Awards are determined by a rigorous voting process and a series of interviews with some of the world's largest credit investors.

Industry insiders praised Markit's valuations service for the quality of its data services and its thorough tolerance checks. Markit's Portfolio Valuations service provides independent, post-trade asset pricing to mutual funds, hedge funds, traditional asset managers, fund administrators, custodians and private banks. The service covers a wide range of cash and over the counter (OTC) derivative instruments - both vanilla and exotic - across the major asset classes, including structured products, commodities and syndicated loans.

Credit readers also cited the quality of Markit's new evaluated bonds service, which provides independent pricing of typically illiquid corporate, sovereign, government and agency bonds across the investment grade and high-yield sectors.

Kevin Borrett, Managing Director at Markit, said: "The financial crisis has focused money managers on transparency and valuation practices. We have been working on expanding our offerings in areas where clients face new challenges, including valuing illiquid asset-backed and sovereign debt securities, and have launched a new next generation evaluated bonds service. We are delighted to see all our efforts acknowledged by industry participants through the award from Credit magazine."

For More Information, Please Contact
Alex Paidas
Director
Markit
Telephone: +1 212 205 7101
Email: alex.paidas@markit.com

About Markit
Markit is a leading, global financial information services company with over 1,900 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace.