TrueEX and MarkitSERV work on settlement

Judgement
By Ross Lancaster
02 Nov 2017

One of the most dramatic sagas to take place in the administrative world of post trade interest rate swap processing looks set to draw to an early close, as TrueEX and MarkitSERV work towards settling their legal dispute.

Trade processing takes care of the reporting, record matching and trade confirmation necessities of trades. MarkitSERV, the OTC derivative electronic trade confirmation arm of IHS Markit, handles the majority of this activity in the interest rate swap market.

TrueEX competes as an electronic trading platform for interest rate ...

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