About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Markit Launches Extension to Reference Entity Database, RED for Equities

Subscribe to our newsletter

Markit has developed an extension to its Reference Entity Database (RED) product, RED for Equities. The solution is already in use by clients.

The vendor reports a growing interest in RED from clients whose primary interest is not credit derivatives but who want to use RED, which Markit says has set the standard for entity identification, as a mapping tool. A key area of use outside credit is equities.

Says John Price, managing director, equities at Markit: “People want to be able to see how instruments in different asset classes relate to one another. So for example, if you saw the implied volatility of an equity put option increasing, you might want to see how the corresponding credit spread was reacting. People need an accurate common entity identifier to link the performance of all the related assets issued by a particular company.”
RED for Equities enables users to uniquely identify issuers in the equity space while using the same 6-digit RED code for the credit default swaps, Price says. This enables users to see the behaviour of equity instruments against referenceable bonds and CDSs.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Adding value and improving efficiencies in sanctions screening

Sanctions have been headline news this year. They are growing in number, sanctions lists are changing on a daily basis, and there can be conflict between sanctions issued by different jurisdictions – the whole calling for financial institutions to optimise sanctions screening to reduce risk and avoid potentially punitive penalties of non-compliance. This webinar will...

BLOG

SmartSearch Releases High-Risk Country Report Service in Response to Sanctions Against Russia

SmartSearch, an anti-money laundering (AML) specialist, has released a high-risk country report service in response to the introduction of sanctions against Russia. The service enables regulated businesses to scan existing clients and check for residency or citizenship in Russia, Belarus, or any other high-risk countries. The reporting tool instantly checks all clients that the regulated business has...

EVENT

Data Management Summit USA Virtual (Redirected)

Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...