Markit Acquires DTCC Stake in MarkitSERV


London and New York, NY – Markit, a leading, global financial information services company, today announced that it has acquired the ownership stake in MarkitSERV held by the Depository Trust and Clearing Corporation (DTCC).  Markit and DTCC founded MarkitSERV in 2009 as a joint venture that combined the firms’ electronic trade processing services for OTC derivatives.

There will be no changes to the services provided by MarkitSERV to its more than 2,500 customers in the OTC derivatives industry.  MarkitSERV will remain a separate entity, currently regulated by the Financial Conduct Authority in the UK.

Jeff Gooch will continue to be Chief Executive Officer of MarkitSERV and Global Head of Processing at Markit.

For further information, please contact:
Alex Paidas
Director, Corporate Communications
Telephone: +1 212 205 7101
Email: alex.paidas@markit.com

Caroline Lumley
Director, Corporate Communications
Telephone: +44 20 7260 2047
Email: caroline.lumley@markit.com

Notes to Editors:
About Markit
Markit is a leading, global financial information services company with over 2,800 employees.  The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency.  Its client base includes the most significant institutional participants in the financial marketplace.  For more information, please see www.markit.com.

About MarkitSERV
MarkitSERV provides a single gateway for OTC derivatives trade processing.  By integrating trade confirmation, reporting, routing to clearing, allocations and portfolio reconciliation, MarkitSERV provides an end-to-end solution for post-trade transaction management of credit, interest rate, equity and foreign exchange derivatives.  MarkitSERV connects dealers and buy-side institutions to central clearing counterparties, trade repositories and electronic swap markets.  For more information, please see www.markitserv.com.

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