Interdealer brokers pick MarkitServ for FX processing
Four of the largest interdealer brokers (IDBs) are to use derivatives processing technology provider MarkitServ to facilitate trade affirmation and connectivity to central counterparties (CCPs) and trade repositories for their foreign exchange businesses, the vendor will announce today.
BGC Partners, GFI Group, Tradition and Tullett Prebon will be the first to use the platform, with more expected to be added in due course. The news comes five months after MarkitServ unveiled its new FX
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