‘Standstill’ agreement gives trueEX a lifeline

Temporary deal allows start-up Sef to continue operations until at least July 29

Southern District Court of New York
A court hearing is scheduled for July 24

trueEX has reached an agreement with Markit to continue accessing its trade processing platform until a court rules on whether to grant an injunction to prevent withdrawal of the service.

A ‘standstill agreement’ finalised on May 10 allows trueEX to continue using the MarkitSERV platform until at least July 24, when the court is expected to schedule a hearing on trueEX’s request for a preliminary injunction. trueEX says it will file a separate motion to expedite the hearing date by 40 days.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: