Markit Plans Relaunch of Corporate Actions Service

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Data services provider Markit plans to launch a new platform for its Markit Corporate Actions service, in about two months, near the one-year anniversary of its acquisition of the business.

Markit acquired the business, previously called the Global Corporate Actions Validation Service, from the Depository Trust & Clearing Corporation (DTCC) in June. The new platform will move the service from a mainframe to a web-based system, and further expand its capacity and the data sources available

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