Markit is a renowned data provider, which also develops trade processing and valuation services to more than 3,000 institutions across the financial markets including investment banks, hedge funds, asset managers, central banks, regulators, rating agencies and insurance companies.
As an established data provider, Markit has a competitive advantage over other ERM systems that needs to be fed with external data and integrated with third party systems. They have become an industry standard for some types of scarce data, such as volatilities and CDS spreads.
Markit delivers a suite of integrated, scalable and efficient solutions for enterprise-wide risk management across a broad range of asset classes. It supports the highly variable computational demands of financial institutions by leveraging its software over a server grid.