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Profile of registrant

Markit

Identification number in the register: 28748136794-46
Registration date: 27/09/11 14:51:42

The information on this organisation was last modified on 02/09/14 14:24:34
The date of the last annual update was 02/09/14 14:24:34


Registrant : Organisation or self-employed individual

Name/company name: Markit
Acronym:
Legal status: Corporation
Website address: http://www.markit.com/

Sections

Section: II - In-house lobbyists and trade/professional associations
and more precisely: Companies & groups

Person with legal responsibility

Surname, Name: Mr  Lance Uggla
Position: Chief Executive Officer

Permanent person in charge of EU relations

Surname, Name: Mr  Marcus Schüler
Position: Managing Director

Contact details:

Contact details of organisation's head office: 25 Ropemaker Street 4th floor
London EC2Y 9LY
UNITED KINGDOM
Telephone number: (+44) 2072602000
Fax number: (+) 
Other contact information:

Goals / remit

Goals / remit of the organisation: Markit is a leading, global financial information services company with over 3,000 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace.

Most of Markit's processing services are provided by MarkitSERV. MarkitSERV provides a single gateway for OTC derivatives trade processing. By integrating trade confirmation, reporting, routing to clearing, allocations and portfolio reconciliation, MarkitSERV provides an end-to-end solution for post-trade transaction management of credit, interest rate, equity and foreign exchange derivatives. MarkitSERV also connects dealers and buy-side institutions to central clearing counterparties, trade repositories, and electronic swap markets.
The organisation's fields of interests are:
  • national
  • European
  • global

Number of persons engaged in activities falling under the scope of the Transparency Register

Number of persons: 1
Complementary information:

Persons accredited for access to European Parliament premises

No accredited persons

Activities

Main EU initiatives covered the year before by activities falling under the scope of the Transparency Register:


Markit has been actively and constructively engaged in the discussion regarding regulatory reform of financial markets. We regularly provide regulatory authorities with our insights on current market practice, for example in relation to the confirmation of derivative transactions, efficient means of reporting transactions to Trade Repositories, clearing connectivity, or portfolio reconciliation practices. We have also advised regulatory bodies on approaches to enable timely and cost-effective implementation of newly established requirements, for example through the use of multi-layered phase-in or by providing participants with a choice of means for satisfying regulatory requirements. Additionally, we work closely with the industry and other relevant third-party providers to ensure adequate preparation, testing and data loading.

Fields of interest for e-mail alerts on consultations and roadmaps;

Fields declared by the organisation:
  • Competition
  • Economic and Financial Affairs
  • Energy
  • Environment
  • Internal Market

Networking

Information on (i) organisation's membership of any associations/federations/confederations or (ii) relationships to other bodies in formal or informal networks.




CSFI
Financial Futures Forum
Financial Information Services Division
FIX Protocol
FIA
EDM Council
Gulf Bond and Sukuk Association
International Swaps and Derivatives Association, Inc
Loan Market Association
Loan Syndication and Trading Association
QED

Financial data

Financial year: 01/2013 - 12/2013
Estimated costs to the organisation directly related to representing interests to EU institutions in that year: < 50000  €
Amount and source of funding received from the EU institutions in financial year n-1 of registration
Procurement: 0 €
Grants: 0 €
Other (financial) information provided by the organisation:


Code of conduct

By its registration the organisation has signed the Transparency Register Code of Conduct.