Markit Launches Multi-Bank Platform

VALUATIONS

The valuations platform, called Markit Valuations Manager, is designed to streamline buy-side firms' valuation processes by offering transparent electronic delivery of dealer over-the-counter derivative and consensus cash valuations, alongside Markit's independent valuations.

Citi, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch and UBS are collaborating with Markit on the launch of the platform. Markit expects to double the amount of member banks involved within the first six months.

"The

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