trueEX sues Markit over threat to withdraw service
Sef claims it would be forced out of business if it loses access to MarkitSERV
Start-up derivatives trading venue trueEX is suing Markit for allegedly threatening to terminate an agreement allowing it to access Markit’s trade processing platform for interest rate swaps – a move it claims is an attempt to muscle the venue out of the post-trade market, where the two firms compete.
The lawsuit filed on May 8 claims MarkitSERV had informed trueEX of its intent to terminate its relationship with the company, effective May 14, with access thereafter being provided on an
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