Markit, a global financial information services company, has agreed to distribute Euroclear Bank’s eurobond reference data, giving market participants direct access to information on more than 200,000 eurobonds. Euroclear Bank is a provider of cross-border settlement and related services for bond, equity, derivative and fund transactions.
Markit will be responsible for marketing and distributing Euroclear Bank’s eurobond data, allowing customers to make better informed decisions on an intra-day basis. Markit will also optimise the data by cross referencing them against its own entity and industry sector identifiers and a wide range of additional identifiers. This will enable Markit’s customers to process the data efficiently and support their Eurobond trading activity.
Armins Rusis, managing director and co-head of information at Markit, said: “By combining Euroclear Bank’s extensive data set with our expertise in aggregating, validating and distributing complex information, we will be able to deliver comprehensive and timely solutions for the eurobond market. This underpins our goal to bring greater transparency and efficiency to the global financial markets.”
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.