Markit acquires derivatives trading technology provider

This addition to Markit’s current offering will provide its clients with enhanced trading and risk management capabilities across all products and asset classes. “We are bringing together complementary services, which reduce risk and improve efficiency. By joining forces with Communicator, we can provide our clients more effectively with a wealth of aggregated information and pricing, ” said Markit chief executive Lance Uggla.

Founded in 1999, Communicator provides buy- and- sell-side financial firms with real-time communications, automated solutions for OTC derivatives trade processing, compliance and counterparty management. The company also provides identity management and information hub technology, which drives Bond.Hub, the bond research platform. The company is based in White Plains, New York.

“The challenges that lie ahead in the shape of rising transaction volumes in the OTC derivatives markets will continue to test the industry’s operational processes and attract regulatory concern,” said Communicator’s Schlinkert. “The combination of Markit’s pricing and valuation services with Communicator’s OTC derivatives post-trade platform meets these challenges by offering an end-to-end service including trade confirmation, pricing, valuation and trade lifecycle events, which will provide a significant benefit to the market-place.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a 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