Markit is the world's leading financial information service company with more than 200 employees. The company provides independent data, evaluation and transaction processing for all asset classes to improve transparency, reduce risks and improve operational efficiency. Its customer base includes the most important institutional participants in the financial market field. The field of risk analysis will continue to develop rapidly, bringing many attractive opportunities for Markit. By acquiring leading risk analysis suppliers, Markit has greatly improved the enterprise's risk management ability, thus providing customers with comprehensive solutions needed to identify and manage risks.
As the world's leading financial information service company, Markit acquired QuIC on 20 1 1, which provides risk analysis solutions for the world's leading financial institutions to test the market and credit risk tolerance of financial portfolios and simulate enterprise-level risks. Through this acquisition, Markit combines its strength in the field of data and evaluation with the professional analysis experience of its subsidiaries to meet the growing demand for risk analysis and enterprise risk management services. Markit's comprehensive platform will provide comprehensive solutions for risk-related services, including independent pricing, evaluation and cross-asset category analysis. QuIC has become a part of Markit's evaluation and analysis service department, and continues to provide existing quality services to customers throughout the financial industry. Markit's rich data set covers all major asset classes in the cash and OTC derivatives markets, including credit default swaps, bonds, loans, securities, commodity futures and interest rates.
Several well-known investment banks in the United States were crowned the first batch of entrusted merchants, using the credit center of MarkitSERV. The center is a new low-delay pre-transaction credit testing solution designed for OTC derivatives market. These three banks include Bank of America Merrill Lynch, Citigroup and Goldman Sachs. This new solution, developed by Markit, a financial information service company, provides clearing check for transactions executed in electronic and mixed markets. Partners can enjoy the credit limit information of customers and trading points through the center. Despite various changes in the OTC derivatives market, MarkitSERV continues to provide cross-asset infrastructure to enable participants to conduct safe and effective transactions. MarkitSERV has been far ahead in developing complete pre-trading solutions for OTC derivatives market participants. MarkitSERV's credit center low-delay system provides customers with effective credit management, and at the same time, MarkitSERV will build itself into a participating supplier providing industry-wide solutions. MarkitSERV's credit center, as a hub for centralized credit limit, allows market participants to review and manage credit only through connections, instead of creating and maintaining connections with each transaction clearing point in the market.