Markit is to distribute its credit default swaps pricing data over Reuters' 3000Xtra desktop.
The data available via the Reuters' terminal will include Markit's new Intraday service, a streaming pricing tool for credit indices, iTraxx and CDX, as well as their constituents, which draws from the major CDS market makers globally.
Reuters will also provide mutual customers with Markit's End of Day and Sameday pricing for the full universe of approximately 3,300 credits.
Andrew Hausman, global head of fixed income at Reuters, says of the deal: "We believe Reuters customers who elect to add Markit's CDS data will have a distinct advantage over others in the credit markets."
Lance Uggla, chief executive officer of Markit, says the syndication agreement is a first of its kind for the company. "This is the first time that we have allowed our data to be redistributed by a third party, and we chose Reuters as a strategic partner because of their extensive global footprint."