Markit Takes Over QSG

Over-the-counter (OTC) market data and services providerMarkitis taking over equities data providerQuantitative Services Group(QSG),金融时报》reports. Markit is seeking to shift OTC in swaps onto central electronic markets and reduce the gap between the two marketplaces.

Markit aims to bring electronic stock trading strategies analyses to OTC markets and also add its prevailing data on credit derivatives to equity trading models. Reforms such as the Dodd-Frank Act in the U.S. and the European Market Infrastructure Regulation are leading to the change, as dealers, technology providers and traders aspire to secure their place in the market.

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