Derivative data provider Markit Group today announced it has acquired Chasen Enterprises, which offers modeling of structured securities, specifically agency and non-agency CMOs and ABS. 

Kevin Gould, executive vice president  at Markit, said in a release, "The acquisition of Chasen demonstrates Markit's commitment to support the structured finance markets, particularly with respect to the valuation of synthetic ABS instruments.  The CDS of ABS market is growing rapidly and we are seeing an ever-increasing demand for benchmark data and independent valuations for this product."

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