Markit launches FX trade confirmation service

Markit has announced the launch of its FX trade confirmation service.

First Published by e-Forex News: October, 2015

Matthew Hill

Matthew Hill

Markit has announced the launch of its FX trade confirmation service. This matches FX option trade terms to generate legally binding trade confirmations which are recorded centrally, allowing counterparties to manage trade lifecycle events more efficiently. Matthew Hill, director and head of Markit’s FX trade confirmation service, said: “The pace of innovation in trade execution must be matched by advances in post trade processes and we are pleased to have worked with the industry to develop this new service for the FX markets. We are committed to helping our customers find efficient solutions to operational challenges and will soon expand this confirmation service to additional FX products.”