Citadel Solutions, a provider of hedge fund administration and reporting services, and data, portfolio valuations and OTC derivatives trade processing vendor Markit have signed an agreement under which Markit will provide Citadel Solutions’ clients with independent portfolio valuations.
John Buckley, president of Citadel Solutions, explains: “This agreement is part of the multi-vendor strategy we use to provide Citadel Solutions’ clients with best in class market information. As today’s market grows increasingly complex, our clients are increasingly demanding reliable, third party valuations.”
According to Markit, its portfolio valuations service is aimed at buy side institutions and aims to provide independent post-trade calculation of the gross asset value of a portfolio of trades. Markit draws upon its proprietary data, received from over 90 market makers, to drive its portfolio valuations service.
Subscribe to our newsletter