FT Interactive Data has entered the third phase of its roll-out of data from Markit Group to its clients, under its established partnership with the vendor. FT Interactive Data clients can now access independent valuations of syndicated bank loans via its FTS online portfolio administration service. Markit’s single name CDS and CDS indices data is already available via FTS. According to Ian Blance, vice president, capital markets, Interactive Data (Europe), there are already clients lined up to take the loan data. “There is a degree of initial set-up, involving mapping to the identifiers used by the loans – there is no official loan identification mechanism – but this should be very straightforward,” he says. FT Interactive Data and Markit continue to explore ways to co-operate further, Blance adds. “We have now phased in the introduction of the Markit data for which we are seeing the most demand from our clients, but there are a number of areas on which we are still working. The major part of the relationship – incorporating the richness of Markit’s CDS data into our own evaluation processes – is a much longer term project that is still ongoing.”
A-Team Insight Blogs
FT Interactive Data Rolls Out Markit Independent Loan Valuations
Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...
The Derivatives Service Bureau (DSB) opened a first round of industry consultation on fee principles for the Unique Product Identifier (UPI) today. The consultation ends on 5 March 2021 and is the first of two consultations before a final report is published in September 2021. The UPI will come into play in 2022 and will...
The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.
Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...