MarkitServ partners with Swift for FX clearing

Clearing in combination with specialist messaging is the latest move in a battle between post-trade service providers to gain market share

MarkitServ, which provides post-trade infrastructure for derivatives, has partnered with a messaging provider to create a more complete clearing package aimed at carving out a space in the currency derivatives clearing market.

The partnership is the latest move in a battle between post-trade service providers to gain market share. It will see MarkitServ use a message network provided by Swift, which runs messaging services for financial trades.

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