DTCC and Markit announce OTC derivatives alliance

Markit and The Depository Trust & Clearing Corporation (DTCC) have formed a company that will combine Markit's trade processing services with Deriv/Serv, the DTCC's post-trade confirmation and matching platform. It will provide a single gateway for confirming over-the-counter (OTC) derivative transactions globally. This will allow buy-side and sell-side OTC derivative market participants to confirm trades and to gain access to additional services provided by Markit and the DTCC through a

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