MarkitServ and Traiana vie to build clearing utilities
Middleware firms set to compete in creation of credit-checking hub - but critics say rival utilities would undermine the service
MarkitServ and Traiana are competing to create the derivatives market's first credit-checking hub – a utility they argue would make the market more efficient once over-the-counter trades become subject to the Dodd-Frank Act's clearing mandate. But while the hub concept has supporters, including asset management titan BlackRock, others say it is doomed to fail, especially if rival utilities are
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