About a-team Marketing Services

A-Team Insight Blogs

Markit Adds License for RED for Smaller Firms

Subscribe to our newsletter

Data, portfolio valuations and OTC derivatives trade processing vendor Markit has released a new license for its Reference Entity Database (RED) aimed at smaller buy side firms.

Under the terms of the new license, asset managers with low credit default swap (CDS) trading volumes that use DTCC Deriv/SERV for trade confirmation will gain access to RED.

This is part of the vendor’s attempts to reach more participants in the OTC derivatives market and supports the commitments made by the Operations Management Group (OMG) to the New York Fed in March this year to improve OTC derivative trade processing.

“We are keen to encourage the broad buy side community to adopt RED,” says Ed Chidsey, director of Markit RED. “We recognise that one size doesn’t fit all and have now developed a new licence for the smaller firms.”

Markit RED is the industry standard for reference entity and reference obligation identifiers used throughout the CDS market to reduce legal and operational risk in trading, documentation and trade settlement. The service uses legal representatives in over 100 countries to source and scrutinise all relevant documentation to provide subscribers with an understanding of each entity.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

A-Team Group Announces Winners of its Prestigious Innovation Awards 2025

The most innovative data and technology solutions for capital markets were recognised today as A-Team Group announced the winners of this year’s A-Team Group Innovation Awards 2025. Now in its fifth year, the prestigious awards recognise the innovative projects created across the vendor and practitioner communities that provide high-value solutions to organisations within capital markets...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Enterprise Data Management, 2009 Edition

This year has truly been a year of change for the data management community. Regulators and industry participants alike have been keenly focused on the importance of data with regards to compliance and risk management considerations. The UK Financial Services Authority’s fining of Barclays for transaction reporting failures as a result of inconsistent underlying reference...