London-based data services provider Markit has agreed to acquire electronic trade confirmation firm SwapsWire.
Markit plans to combine the SwapsWire trade confirmation service with its own trade-processing workflow platform to serve the over-the-counter derivatives markets. Markit says it will have more than 200 buy-side institutions, 50 dealers and 45 interdealer brokers as clients for the enhanced product.
"With the relentless growth of the OTC derivatives markets continuing to put pressure on
The week on Risk.net, July 7-13, 2018Receive this by email