The Depository Trust & Clearing Corp and Markit have chosen September 1 to roll out their new joint venture, MarkitServ, intended to be a one stop shop for processing all over-the-counter derivatives.
MarkitServ will combine the two organisations’ electronic trade confirmation and workflow platforms – DTCC Deriv/Serv and Markit Wire – to provide a single gateway for OTC derivative trade processing.
It will cover all...