Markit Bolsters FX Services with DealHub Acquisition
Markit to extend services coverage in $5 trillion global FX market.
Upon completion of the deal, expected to close in Q3 2015, DealHub will join Markit's processing division, expanding the firm's offering for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting.
"This acquisition adds depth to our FX offering while bringing an exciting set of trading solutions to Markit," says Brad Levy, managing director and head of Markit's processing division. "Connecting DealHub's technology to our network will accelerate centralization of FX trade processes, making it easier for customers to transact."
Earlier this month Markit also announced a $200 million agreement to acquire reporting and data management technology provider CoreOne Technologies, in a deal that extends the firm's capabilities into prime brokerage.
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