Markit buys Communicator

Markit Group has bought messaging and communications firm Communicator. The deal enables Markit, which prices and values over-the-counter (OTC) derivatives, bonds and loans, to add trade processing capabilities to its services in the form of Communicator’s post-trade platform. The platform, which process OTC derivatives trades, links to trade matching and confirmations house DTCC.

The combination of the two firms will help the industry deal with the problems it is now facing in processing credit

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