Markit Acquires Prism Valuation to Enhance Portfolio Valuations Service

Markit, a global provider of financial information services, has agreed to acquire Prism Valuation, a leading provider of independent valuation and risk analysis of derivatives and structured products according to a statement issued by the company today.

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The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term will complement Markit’s leading portfolio valuations service and enable the company to offer its clients enhanced coverage of complex OTC derivatives and structured OTC products. It will also expand Markit’s client base among regional banks and structured product issuers.

Prism Valuation complements our industry leading, independent valuation services.

Commenting on the acquisition, Adam Kansler, co-head of information at Markit, said: “We’re very excited to welcome Prism Valuation’s extensive expertise with complex OTC products, giving us exceptional valuation capabilities across the full spectrum of asset classes. Prism Valuation complements our industry leading, independent valuation services, helping customers comply with regulatory, auditor and investor demands for independent valuations, transparency and risk analysis.”

With customers including banks, hedge funds, asset managers, central banks, regulators and fund administrators, Markit, which was founded in 2003, provides products that enhance transparency, reduce risk and improve operational efficiency.

Prism Valuation’s clients include regional banks, custodians, asset managers and issuers of structured notes.

Keldon Drudge, founder and CEO of Prism Valuation, also commented: “Markit’s scale and global reach will allow us to better support our customers and will also accelerate innovation and further development of our platform. Our shared focus on providing independent, high quality valuations will help firms comply with evolving regulatory requirements and satisfy investors’ Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term demands.”

Acquisitions

Markit has been an active participant in the acquisition space over the past few months having recently boosted its multi-asset capabilities in May this year after acquiring an interest in commodity markets research and price reporting agency PRIMA.

Its latest acquisition is expected to close in the coming weeks whereby Prism Valuation will be integrated with Markit Portfolio Valuations in the Valuation and Trading Services segment of Markit’s Information division.