
Markit signs new derivatives processing client
Jason Parker, head of middle office at CQS, said the company felt the main strength of Markit’s service was its ability to facilitate OTC processing across counterparties and asset classes, and to provide a comprehensive audit trail.
Markit’s Trade Processing service was inherited from Communicator, headquartered in White Plains, New York. The trading technology company was acquired by Markit in May (See: Markit acquires derivatives trading technology provider).
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