Financial data, systems and services vendor Markit will be using integration software acquired from JPMorgan to help pave the way for the straight through processing (STP) of loan transactions and to bring greater settlement efficiency to the syndicated loan market, officials say. Markit officials are not disclosing the financial terms of the acquisition, but they… Read More >>
Markit to Acquire Loan/SERV and Meld It to Markit Clear
Financial information services and systems vendor Markit is acquiring the position reconciliation technology assets of DTCC Loan/SERV (Loan/SERV), a subsidiary of post-trade infrastructure provider DTCC, in an effort to integrate Loan/SERV’s service into the Markit Clear loan inventory platform, say Markit officials. The financial terms of the acquisition were not disclosed and Markit will not… Read More >>
