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Markit RED Reaches 100 Customers Amid Flurry of Activity

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Markit, a provider of pricing and valuations, has signed the 100th customer to its Reference Entity Database (RED), which provides reference entity and reference obligation identifiers for the credit default swaps market.

The service, launched two years ago, has been actively adding clients and forming alliances with others vendors. 

Most recently Xenomorph (Reference Data Review, September 2005) and Standard & Poor’s have both launched products recently that use the RED database. The Depository Trust & Clearing Corp. (DTCC) requires all broker/dealers on its matching and confirmation service, Deriv/SERV to use RED’s nine-digit reference codes for matching purposes.

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