Information services company Markit has launched a new loan index and has acquired Storm Networks, which operates a syndicated loan operations platform for the settlement of par and distressed loan trades in the U.S.

These two moves could be significant for the loan market because the index, which is the first loan index to use up-to-date data in its calculations, according to Markit, could make the loan market more transparent, while the Storm acquisition could help reduce settlement times.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.