MarkitServ and Traiana prep pre-trade credit hubs

Software technology

Two competing post-trade technology providers are close to unveiling details of their new pre-trade credit-checking utilities that they hope will answer an industry need for a product that can ensure trades will be executed and cleared as planned in the newly regulated over-the-counter derivatives market.

MarkitServ has been working on building the necessary functionality since earlier this year and recently completed a request-for-proposal to select a third-party provider to bring the product

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