Interdealer Brokers Tap MarkitServ for FX
MartkitServ, a provider of electronic trade processing for over-the-counter (OTC) derivatives, has linked up with four interdealer brokers (IDBs) to provide voice trade affirmation, regulatory reporting and clearing services for foreign exchange (FX) transactions.
BGC Partners, GFI, Tradition, and Tullett Prebon will use MarkitServ’s technology for integrated voice affirmation, clearing and regulatory reporting workflows.
"We are very excited to be working with [these] brokers to help them to navigate successfully through the enormous data management and workflow challenges arising—now and in the future—from regulatory change," says Keith Tippell, co-head of FX at MarkitServ.
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