Markit Group, which provides independent data, portfolio valuations and OTC derivatives trade processing, bought NTC Economics, owner of the Purchasing Managers Index series. Terms of the deal between the London-based firms were not disclosed. Markit has not determined whether it will retain the NTC Economics brand, a Markit spokeswoman said. The PMI series is used by 1,000 organizations, including central banks, to help decide economic, interest rate and foreign exchange policy.
Markit Group acquires NTC
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