trueEX granted injunction in MarkitSERV case

Court decision means derivatives trading venue can stay open for at least another nine months

Southern District Court of New York

trueEX has obtained a preliminary injunction that allows its swap execution facility (Sef) to continue accessing Markit’s post-trade processing platform until March 2018, when the case is scheduled to go to trial.  

The start-up derivatives trading venue sued Markit on May 8 after the vendor allegedly threatened to terminate access to its post-trade processing platform for interest rate swaps, known as MarkitSERV – a move trueEX claims would force it to shut down its Sef and post-trade services

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