Markit rolls out FX trade-affirmation service

Banks can consolidate trade notifications from multiple interdealer brokers and validate transaction data at a central location before it is processed

Chris Leaver at DealHub
Chris Leaver: "MarkitServ helps firms scale their businesses, become more efficient and… operationally resilient"

Financial information services provider Markit has rolled out a new product that provides a central network where banks can affirm the foreign exchange trades executed by interdealer brokers, in a move aimed at reducing complexity, cost and risk in the fragmented FX market.

MarkitServ FX Broker Affirmation provides a platform through which banks can consolidate trade notifications from multiple interdealer brokers and validate transaction data before the information is processed by trading and

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