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Markit (Nasdaq: MRKT), a specialist in financial information services, has announced its latest partnership, this time with CloudMargin, a provider of cloud-based collateral management systems, which will see the integration of Markit’s Portfolio Valuations services, according to a Markit statement.
The new accord will see the support of Markit’s Portfolio Valuations services across the totality of CloudMargin’s software platform. The assimilation of Markit’s technology was done ahead of a global implementation of upcoming regulatory requirements and variation margin as outlined by the BCBS IOSCO framework, which is slated to take effect September 2016.
The primary impetus behind the utilization of Markit’s ... (read more)