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Markit (Nasdaq:MRKT), a global provider of financial information services, has acquired the credit default swap (CDS) pricing service of Fitch Solutions for an undisclosed sum in its latest merger and acquisition (M&A) move, according to a Markit statement.
The move is the latest by Markit’s since it acquired CoreOne Technologies back in December. As part of its latest agreement however, Fitch Solutions will integrate Markit’s CDS Pricing, with the assimilation effectively allowing Markit to utilize Fitch’s best CDS data available in its services.
Markit currently provides independent pricing of CDS single names, indices, and data tranches to help leverage price discovery, ... (read more)