London, 22 September 2005 - Markit Group Limited ("Markit"), the leading industry source for independent mark-to-market pricing, asset valuations, dividend forecasting and index services, is pleased to announce it has won the Financial News award for 'Best Data Solution - Derivatives'.
The results were announced at the Financial News Awards for IT Excellence - Europe 2005 ceremony in London last night.
A panel of independent judges, drawn from industry experts at market consultancies and research firms, voted overwhelmingly for Markit in the Derivatives Data category. Runners-up included Reuters, Thomson Financial and Bloomberg.
Lance Uggla, CEO of Markit said: "We are delighted to have won the Financial News best derivatives data provider award, which reinforces the company's position as the leading industry source for independently verified data for the OTC derivative markets. In light of the increasing focus of regulators and auditors on independent, high quality pricing, we will continue to help our clients establish best practice in product control and risk management."
- Ends -
For further information, please contact:
Marketing and Communications Manager
Tel: +44 (0)20 7890 5094
Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets. Founded in 2001, the company is an independent enterprise with which the world's leading financial institutions and energy traders work strategically to create price transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who manage assets in excess of $10 trillion, and data contribution relationships with over 50 dealing firms. Markit has designed, launched and acquired over 20 financial data services which are now used by over 300 institutions globally. Areas of product expertise and service include an independent valuation perspective on OTC derivatives (credit, equity, FX, rates, energy, power, metals and structured products), corporate bonds, syndicated loans, dividend forecasting, index and ETF management. For more information about Markit, see http://www.markit.com/