Markit Buyside Working Group
Markit launched its first Buyside Working Group at a breakfast briefing on the 25th June 2008. The event, held at Mosimann’s Private Dining Club, focussed on key industry issues impacting buyside operations. This is the first in a series of quarterly events aimed primarily at the buyside community.
Discussion topics
- The Novation process and how vendors can assist in making the buyside agnostic to various systems (BlueCrest Capital led this discussion)
- Equity derivatives affirmation and confirmation turnaround (CQS Management led this discussion)
List of invitees
| Arrowgrass Capital Partners LLP | James Caird Asset Management |
| Asteri Capital Ltd (Glencore) | JPMorgan Chase |
| Barclays Global Investors (BGI) | KBC Alternative Investment Management |
| Blue Bay Asset Management | Legal and General Investment Management |
| BlueCrest Capital Management | London Diversified Fund Management |
| Brevan Howard Asset Management | Maple Leaf Capital LLP |
| Cheyne Capital Management Limited | Marshall Wace |
| CQS Management | MKM Longboat Capital Advisors LLP |
| Duet Group | New Bond Street Asset Management |
| Eton Park Capital Management LP | Polygon Investment Partners |
| European Credit Management Limited (ECM) | Prudential M & G |
| Fidelity Investments | RAB Capital |
| GLG Partners | Rubicon Fund Management LLP |
| GSA Capital Partners LLP | Schroders Investment Management |
| Henderson Global Investors | State Street Global Advisors (SSGA) |
| Insight Investment Management | Western Asset Management (WAMCO) |
Meeting minutes
Please click here to see the Minutes of the session.
Action points for Markit
- Confirm status of float vs float (basis swaps) on Markit Wire – single currency basis swaps have been supported on Markit Wire since Jan 08. Cross currency basis swaps are being introduced in Jul 08 as part of Markit Wire Release 5.2
- Markit will explore standard Novation fee calculator
- Co-ordinate meeting between buyside and sellside regarding equity derivative MCA language
- Product roll out on Markit Wire including Inflation Swaps and CFD matching options.
Future Working Group sessions
The next working groups have been scheduled for September and December 2008, and will be held again at Mosimann’s, 11B West Halkin Street, London SW1X 8JL
Contact us
We would like to open up dialogue with the buyside about operational issues or challenges that are being faced. Please email us with your comments and/or suggestions. You may also use this facility to suggest any one else in the market who should be involved / invited going forwards.
Thank you for your input.
The Buyside Working Group Committee
submitContact Us
- To submit topics for the next session, please click here