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

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.

Related content

WEBINAR

Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant

When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response...

BLOG

2021 Predictions: Change is Afoot

By Marc Murphy, CEO, Fenergo. It almost feels like the financial industry went to bed in March 2020 and woke up in 2030. Prior to the pandemic, financial institutions had been falling behind when it came to digital transformation, only increasing resources when absolutely necessary. But now, the pandemic has forced financial institutions to make...

EVENT

Data Management Summit Virtual

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.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...