Independent data provider Markit has successfully implemented the first integrated pricing and performance monitoring service for the European ABS market, covering CMBS, RMBS and CDO transactions. The service offers financial institutions the ability to track the value and performance of European ABS assets on a single platform.

"What we've done to date with our pricing service, and what no one else has been able to offer so far, is to provide the only service that is broker-contributed," said Ben Logan, managing director of structured finance at Markit. "This has gone and will continue to go a long way toward tackling the issue of transparency in the European RMBS, CMBS and CDO markets, and this new offering will leverage Markit's existing platforms."

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