At the start of 2012, MarkitServ made a bet. Although the regulatory environment was still evolving, the firm – best known as a provider of middleware services that connect the varied participants in post-reform derivatives markets – decided to throw resources into building a regulatory reporting service. It was a project that would tie up 200 of its 500 staff, and later required some elements to be dismantled as the US Commodity Futures Trading Commission (CFTC) finalised its rules.
It would ha
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