Sell-Side Technology Awards 2014: Best Sell-Side Technology Provider of the Year — Markit
![sst-320-markit-provider sst-320-markit-provider](/sites/default/files/styles/landscape_750_463/public/import/IMG/579/288579/sst-320-markit-provider-580x358.jpg.webp?itok=CEFBLbi1)
All good things must come to an end, or so the saying goes. This is especially pertinent to Markit, given that this year, the London-based data specialist failed to win what has come to be known over the years as “its category”—the best data management product—for the first time since 2007. That’s an impressive record and one that is unlikely to be equaled anytime soon.
But it’s not all doom and gloom for the vendor started by Lance Uggla and a core of credit default swap (CDS) traders from TD Securities in London just over a decade ago, where the entity they spun off—Markit Partners—specialized in the production of transparent and reliable CDS pricing data that wasn’t available to the market at the time. The model was as effective as it was simple: CDS dealers would send their end-of-day prices to Markit, which homogenized them overnight and sold them back to the banks the following morning so they could get a sense of how the market was pricing certain CDS instruments. Much has transpired in the ensuing decade, to the extent that now, Markit can legitimately claim to be one of the industry’s largest data players, rubbing shoulders with the likes of Bloomberg and Thomson Reuters.
This year, Markit leaves the Sell-Side Technology Awards with two wins: best newcomer, thanks to its Integrated Resource Management (IRM) product, enabling firms to calculate and optimize the cost of funding and capital resources of their over-the-counter (OTC) trades; and best overall technology provider to the sell side. The vendor’s growth, both organic and acquisitive, has been mesmerizing, much of which is due to the broadness of its technology stable—over the years it has acquired Cadis, Trade EQM, Data Explorers, and recently, London-based thinkFolio, arguably the savviest move of the lot—and its metronomic ability to add new names to its client roster. If any data and technology provider in the capital markets space deserves the epithet of “luminary,” Markit is it.
Now, Markit can legitimately claim to be one of the industry’s largest data players, rubbing shoulders with the likes of Bloomberg and Thomson Reuters.
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: http://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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2024: All the winners
WatersTechnology readers voted to determine the winners in 35 technology and data categories comprising this year’s virtual Waters Rankings.
Waters Rankings 2024: Best reference data provider—Association of National Numbering Agencies (ANNA)
Product/service: ANNA Service Bureau (ASB)
Waters Rankings 2024: Best corporate actions solution provider—SIX
Product/service: Global Corporate Actions service
Waters Rankings 2024: Best cybersecurity provider—AI Risk
Product/service: AIR-GPT platform
Waters Rankings 2024: Best transaction-cost analysis (TCA) system provider (highly commended)—S&P Global Market Intelligence
S&P Global Market Intelligence’s Transaction Cost Analysis tool is highly commended in the best transaction-cost analysis (TCA) system provider category of the 2024 Waters Rankings.
Waters Rankings 2024: Best reporting system provider—S&P Global Market Intelligence Cappitech
Product/service: Cappitech
Waters Rankings 2024: Best trading floor communication system provider—Cloud9
Cloud9 wins the best trading floor communication system provider category in the 2024 Waters Rankings.