Markit and DTCC launch trade processing platform

London-based data provider Markit and the New York-based Depository Trust and Clearing Corporation (DTCC) are ready to launch MarkitServ, a joint venture to provide trade processing services to the over-the-counter derivatives markets.

Having received regulatory approval from the UK Financial Services Authority and the US Department of Justice, MarkitServ will be formally launched in September.

The partnership was first announced in July 2008, with the company launch expected to follow within a

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