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What is Markit?

The name of the British financial information company is transliterated as Markit

Markit is the world's leading financial information services company with more than 200 employees. The company provides independent data, valuations and transaction processing across all asset classes to increase transparency, reduce risk and improve operational efficiency. Its client base includes the most important institutional players in the financial markets. The field of risk analysis will continue to develop rapidly, bringing many attractive opportunities to Markit. By acquiring a leading risk analytics provider, Markit has significantly enhanced its enterprise risk management capabilities to provide customers with the comprehensive solutions they need to identify and manage risk.

As the world's leading financial information services company, Markit acquired QuIC in 2011, which provides risk analysis solutions to the world's leading financial institutions to examine the market and credit risk tolerance of financial portfolios and Simulate enterprise-level risks. With this acquisition, Markit combines its strength in data and assessments with its subsidiary's analytical expertise to meet growing demand for risk analytics and enterprise risk management services. Markit's integrated platform will provide comprehensive solutions for risk-related services covering independent pricing, valuation and cross-asset class analysis. QuIC becomes part of Markit's valuation and analytical services division, continuing to provide its existing high-quality services to clients across the financial industry. Markit's rich data set covers all major asset classes in cash and OTC derivatives markets - including credit default swaps, bonds, loans, securities, commodity futures and interest rates.

Several well-known investment banks in the United States have become the first futures brokers, using MarkitSERV's credit center. The Center is a new low-latency pre-trade credit checking solution designed for the OTC derivatives market. The three banks include Bank of America Merrill Lynch, Citigroup and Goldman Sachs. The new solution, developed by financial information services company Markit, provides clearing verification for transactions executed in electronic and hybrid markets. Partners can share credit limit information with customers and transaction points through this center. Despite various changes in the OTC derivatives market, MarkitSERV continues to provide a cross-asset infrastructure that allows participants to conduct safe and efficient transactions. MarkitSERV has been a leader in developing a complete pre-trade solution for participants in the OTC derivatives market. MarkitSERV's credit center low-latency system provides customers with effective credit management. At the same time, MarkitSERV has also established itself as a participating provider that provides industry-wide solutions.

MarkitSERV's Credit Center serves as a centralized hub for credit lines, allowing market participants to review and manage credit simply by connecting, rather than creating, maintaining a connection to each transaction clearing point in the market