Markit, a provider of financial information services, has launched a credit default swap data and information portal designed to increase transparency and provide a tool to monitor the market.
According to Markit, the new data portal is expected to make its independent credit default swap (CDS) data sets publicly available, including: prices for its family of CDS indices, the Markit CDX and Markit iTraxx; the last quote received by Markit before New York close of trading for approximately 450 of the most liquid CDS contracts, including G20 sovereigns, large financial corporations and constituents of Markit’s iTraxx and CDX indices; the biggest daily single name CDS movers for North America, Europe and Asia; daily Markit/ICE Trust CDS settlement prices for the most liquid Markit CDX index contracts listed for clearing by ICE Trust.
Armins Rusis, global co-head of fixed income at Markit, said: The CDS market is viewed as the barometer of health for the broad credit markets. It is therefore important to make information about this market as widely available as possible. Markit remains committed to increasing transparency in the CDS market and we will continue to work with the industry to help it adapt to a changing environment.
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