Markit to Buy Prism Valuation
Officials say the deal will expand Markit's coverage of OTC derivatives and structured products while expanding its client base.
Markit plans to integrate Prism into its Markit Portfolio Valuations business within its Valuation and Trading Services division, enabling the vendor to offer improved coverage of derivatives and structured products, while also expanding its client base among regional banks and issuers of structured products.
The deal is expected to close within a matter of weeks.
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