The Justice Department is looking into the credit-default swaps market that was so integral to the disintegration of Wall Street last year, according to Bloomberg.
Markit, a provider of market data, claims that the Department is looking into the formerly popular investment vehicles, though no official investigation has yet been announced. Markit provides derivative and bond information to over 1,500 customers, and is owned by such Wall Street firms as JPMorgan Chase and Goldman Sachs.
The DoJ’s antitrust division sent a notice to the owners of Markit to determine if they have unfair access to pricing data.
Said a Markit spokesperson, “We will work with the Department to provide any information requested of us.”