Markit and DTCC to launch automated OTC trade processing
The venture, called MarkitSERV, will combine the two organisations' electronic trade confirmation and workflow platforms to provide a single gateway for over-the-counter (OTC) derivative trade processing covering credit, interest rate, equity and commodity derivatives.
According to the companies, discussions with buy-side firms over the past year revealed the need for a simplified processing solution that is accessible and efficient. "We believe MarkitSERV will address the industry's
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