Markit and DTCC unveil MarkitSERV

The initiative was announced in July 2008, subject to completion of due diligence, regulatory filings and approval by relevant global regulators. Last month, Markit and the DTCC announced due diligence was complete and MarkitSERV had received regulatory approval from the Financial Services Authority and the US Department of Justice. MarkitSERV was created in response to calls from regulators, politicians and market participants for greater co-operation within the industry over electronic tra