Markit signs new derivatives processing client

Markit, the London-based data provider, has signed asset managers CQS as a client of its trade-processing service.

CQS, also based in London, has $5 billion under management. The service allows counterparties to affirm over-the-counter derivatives trades, and confirm those using links to bodies such as the Depository Trust and Clearing Corporation.

Jason Parker, head of middle office at CQS, said the company felt the main strength of Markit’s service was its ability to facilitate OTC processing across counterparties and asset classes, and to provide a comprehensive audit trail.

Markit’s Trade Processing service was inherited from Communicator, headquartered in White Plains, New York. The trading technology company was acquired by Markit in May (See: Markit acquires derivatives trading technology provider).

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here