London and New York, NY – Markit, a leading, global financial information services company, has won Credit magazine’s award for Best Third-Party Asset Valuation Provider, for the third consecutive year. 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. Markit received 65 percent of the vote.
Industry insiders praised the transparency of Markit’s valuation methodology, the breadth of coverage across asset classes, including sovereign risk, and the firm’s responsiveness to client needs. 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 derivative instruments – both vanilla and exotic – across all asset classes.
Credit also commended Markit’s acquisition of QuIC Financial Technologies and the company’s focus on offering a comprehensive solution for risk-related services, across asset classes, spanning independent pricing, valuations and analytics.
Kevin Borrett, Managing Director at Markit, said: “The industry is now shifting toward multi-asset, high-volume, full-spectrum valuations providers and we are pleased that our ability to keep pace with clients’ needs is recognised through this award from Credit magazine.”