IHS Markit Brings its OTC Expertise to the Chamber of Digital Commerce

IHS Markit Ltd. (Nasdaq: INFO), a provider of information, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term, and financial markets data, today announced that it has joined the Chamber of Digital Commerce to promote acceptance and use of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term (DLT) technology.

The London Summit 2017 is coming, get involved!

As a Chamber member, IHS Markit will work with other member firms to support legislative and regulatory efforts for DLT in financial markets. IHS Markit brings expertise on the complex requirements of OTC derivatives, trade confirmation and lifecycle management, data governance and technology infrastructure to the Chamber.

“The deep industry expertise that IHS Markit offers will be key in furthering the Chamber's advocacy and education initiatives and securing the future of distributed ledger technology," said Perianne Boring, founder and president of the Chamber of Digital Commerce. “We are thrilled to welcome IHS Markit to the Chamber’s membership.”

“We see opportunities to use DLT to help our clients reduce operational risk and cost, use collateral more efficiently and fundamentally change the risk profile of complex financial products,” said Jeff Billingham, vice president at IHS Markit. “We are pleased to support the Chamber in advocating for policies that help realize these goals while fostering higher levels of trust in global financial infrastructure through technology innovation.”