Planned sale prompts hard look at post-trade firms
Plans to sell MarkitServ fuel warnings about middleware vendors’ future
Businesses get bought and sold all the time. But sale plans announced last week have raised fresh questions about the future of a whole class of firms: the business is MarkitServ, IHS Markit’s derivatives-processing arm, and the timing coincides with profound changes sweeping through the post-trade sector.
Vendors of middleware, messaging and reconciliation services that connect, compare and match details of derivatives trades are facing headwinds on several fronts. Post-crisis regulation has
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