Citadel Solutions is an innovative provider of hedge fund administration and reporting services, and Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced an agreement for Markit to provide Citadel Solutions’ clients with independent portfolio valuations.

Markit’s Portfolio Valuations service is aimed at buy-side institutions. It provides critical, independent post-trade calculation of the gross asset value of a portfolio of trades. The service covers a wide range of securities and OTC derivative instruments, both vanilla and exotic. Markit draws upon its proprietary data, received from over 90 leading market makers, to drive its portfolio valuations service. The ability to refer to these prices, which span over 1.3 million data points collected daily, sets Markit apart from alternative services.

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