US-based private equity firm General Atlantic has acquired a 7.5% stake in bank owned pricing and valuations supplier Markit in return for a US$250 million investment in the company. The stake values the rapidly expanding data and post-trade services provider at around US$3.3 billion and has meant General Atlantic CEO Bill Ford has bagged a seat on the vendor’s board.
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
By Jeff Wells
Exegy
Co-chair FIF Market Data Capacity Working Group
From the safe distance of February 2010, we can look back at 2009, rake over the coals and think carefully about what lies ahead in 2010.
Before I start my survey, I must point out that I am indebted to the Financial Information Forum and its membership, especially the exchanges, for providing a vast array of vital statistics and updates. I have data from www.marketdatapeaks.com and my own thoughts of course; but it is not easy to beat the hard cold facts of FIF market capacity data.
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