Items Tagged with 'Markit Group'


  • Markit purchases risk analytics firm

    Financial information data provider Markit, acquired QulC Financial Technologies, a Canadian risk analytics firm. QulC tests market and credit risk tolerance in financial portfolios for clients and can simulate risk at the enterprise level. Markit maintains several leading indices, notably those that track asset-backed securities. Markit, for example, powers a Fannie Mae coupon stack aggregate. QulC’s 105 employees will join the Markit payrolls.
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  • Lowe's Ventures into the Land Down Under

    US home improvement chain Lowe's [stock LOW][/stock] partnered with Australia's largest retailer, Woolworths Limited, to develop a network of stores in the land down under. "The Australian love of property and high levels of home ownership mean that maintaining and improving homes is an important part of everyday life," said Michael Luscombe, Woolworths' chief executive, in a joint release.
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  • Prime RMBS Index Postponed, MarkIt Says

    It was such a small press statement, but one imbued with indelible meaning -- Markit, the financial technology firm that manages indices for the subprime and commercial mortgage securities markets, said earlier this week that it had postponed a planned launch of a new index tracking against prime RMBS.
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  • Markit Looks to Past for Latest ABX Addition

    Markit, the financial information services company that owns the Markit ABX.HE inde -- commonly referred to as the ABX, for short -- said Wednesday that it plans to launch an ABX.HE 05-2 index on Oct. 2. The ABX.HE is a tradable synthetic index of U.S. sub-prime asset-backed securities.
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  • UBS Chief Sees More Stability for Subprime RMBS

    UBS AG CEO Marcel Rohner told Swiss radio station DRS that the market for U.S. subprime RMBS is likely to stabilize before the end of this year, Bloomberg News reported on Monday. His remarks come as a trickle of subprime paper has begun trading again during the past few weeks, as HW covered recently -- but activity so far has been just that: a trickle.
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  • Collateral Damage: ABX 2008 Index Roll Delayed

    The ABX indices, a series of credit-default swaps based on 20 bonds that consist of subprime mortgages -- widely used here at HW and elsewhere to get a read for what's taking place in the mortgage markets -- are the latest victim of the mortgage crisis. Markit, the dealer responsible for administering the ABX, said it has been forced to postpone the 2008-1 series of indices for three months because there hasn't been enough securitization volume to make them mean anything.
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