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Markit to Broaden Release of PMI Data

The distributor of a leading manufacturing index is eliminating a trading advantage some investors currently enjoy by ending the selective early release of the data through a single financial news organization. Markit’s purchasing managers index, or PMI, was previously distributed by Thomson Reuters Corp., which gave the results of the business surveys to investors and other high-paying clients two minutes ... Read More »

Markit Launches New Securities Finance Platform

Markit has launched a new securities lending data online platform that caters to the specific workflow requirements of lenders and borrowers. David Carruthers, managing director and cohead of securities finance at Markit said: “We have invested in our online platform following extensive feedback from our lender and borrower customers. This new delivery channel is intuitive and can be easily scaled ... Read More »

Markit Enhances Factors Suite with Social Media Indicators

Markit study confirms social media sentiment measures are effective signals of future stock performance Markit, a leading global diversified provider of financial information services, announced that it has partnered with Social Market Analytics (SMA) to provide new signals of investor sentiment designed to help customers inform their trading strategies or investment process.  The social media indicators enhance the Markit Research ... Read More »

Markit Acquires Data Explorers

Markit, the UK financial information group, signalled its move into the securities lending market with the purchase of Data Explorers. The deal will allow Markit, which supplies data on opaque markets such as credit derivatives, to build on London-based Data Explorers’ information on equity and fixed income markets, where the securities lending analytics group has become known for data on ... Read More »

Markit Sues Two Former Employees in Singapore Over Misuse of Trading Data

Markit Group Ltd., a provider of data on bonds and credit-default swaps, sued two former employees in Singapore, claiming they breached their employment contracts and misused the firm’s confidential information. Markit accuses these employees to systemically and deliberately siphoning off Markit’s proprietary information to set up rival company called Fundamentrix Pte, according to a lawsuit filed with the Singapore High Court ... Read More »