In a bid to offer comprehensive foreign exchange (FX) solutions, Markit, a vendor of financial information and processing services, reports an agreement for it to acquire DealHub, a provider of trade processing and trading services for FX markets. The acquisition is expected to close in the third quarter of the year, according to a Markit… Read More >>
CEO, CFO Exit as Markit Completes Information Mosaic Acquisition
Two executives will be leaving Information Mosaic as Markit completes its acquisition of the corporate actions and post-trade securities processing vendor. “It’s our intention to transition all employees with the exception of Ulrich Kunz, chairman and chief executive officer and Anina Janacek, chief financial officer. Both will be stepping down to resume their consulting roles,”… Read More >>
Markit to Acquire Information Mosaic
Financial data and technology vendor Markit is acquiring the corporate actions and post-trade securities processing provider Information Mosaic in a bid to position itself as “a leading provider of end-to-end corporate actions services,” say Markit officials. Financial terms were not disclosed by either vendor. “The transaction is expected to close in the third quarter of… Read More >>
ISDA Service to Offer EMIR Clearing Tool
The International Swaps and Derivatives Association (ISDA) and Markit, a London-based provider of financial information services, report the launch of the European Market Infrastructure Regulation (EMIR) clearing classification tool on ISDA Amend, the ISDA and Markit online service that facilitates compliance with “certain EMIR and other regulatory requirements.” Specifically, the tool “enables derivatives users to… Read More >>
SWIFT Hires from Markit for Management Team
Financial messaging and systems cooperative SWIFT has hired industry veteran David Lefferts from financial information services vendor Markit, where he served in product development, cross-product strategy, and senior business development roles over eight years, officials say. At SWIFT, Lefferts will serve as a managing director, market initiatives for the Americas. Lefferts, who has more than… Read More >>
Six Derivatives Dealers Pick KYC Joint Venture
Markit | Genpact KYC Services, a joint venture between Markit and Genpact Ltd., has announced that six G14 derivatives dealers are implementing the centralized service aimed at streamlining the collection and management of know your customer (KYC) information, officials say. The G14 dealers that will be implementing the service are BNP Paribas, Citi, Deutsche Bank,… Read More >>
KYC Joint Venture Hires from Goldman Sachs
Markit | Genpact KYC Services, the joint venture from Markit Ltd., a provider of financial information services, and Genpact Ltd, a specialist in designing and running business operations, has reported the appointment of former Goldman Sachs executive, Jon May, as CEO. May, who will join Markit | Genpact KYC Services in January 2015 and be… Read More >>
Markit Launches Chat Room Support Software
Markit, a provider of financial information services, reports the launch of new software and services designed for financial institutions that want to host and manage instant message chat rooms. The new software “gives financial institutions direct access to the content in chat rooms they host, and complete control over information security,” the company says. “Chat… Read More >>
Lombard Promotes to Fill MD Post
Financial technology provider Lombard Risk Management has promoted John Groetch to managing director for the Americas, just five months after Groetch joined Lombard in April as regional sales manager, according to a company statement. “Based on his overall performance since this time, in addition to his management and mentoring skills, executives were eager to expand… Read More >>
Infosel Joins Markit’s Open Messaging Network
Markit, a provider of financial information services, and Infosel, a real-time financial information provider that specializes in Mexico’s capital and money markets, jointly report that Infosel will join the open messaging network from Markit that launched in October 2013. The network, called Collaboration Services, will enable Infosel’s nearly 5,000 users to send instant messages to… Read More >>
