Markit Group Ltd., London, a provider of data and services to the global financial markets, has announced the acquisition of Chasen Enterprises, a Peekskill, N.Y.-based provider of modeling for collateralized mortgage obligations and asset-backed securities.The terms of the transaction were not disclosed. Markit said it will leverage Chasen's structured finance expertise to further develop its Reference Cashflow Database. Andrew Chasen, founder and president of Chasen, said Markit "has helped to build liquidity in the subprime residential mortgage market through ABX," a Markit calculator. Markit can be found on the Web at http://www.markit.com.
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