
News In brief
MarkitServ set for launch
London-based financial data company Markit and the Depository Trust & Clearing Corporation (DTCC) last week (August 11) announced they will launch a new company, MarkitServ, on September 1. MarkitServ will combine the electronic trade confirmation and workflow platforms of both firms into a single gateway for over-the-counter derivatives trade processing.
The company will combine the DTCC Deriv/Serv and Markit Wire trade confirmation platforms to cover credit, interest
More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity