MarkitSERV Delays Credit Rollout for TradeServ Platform
The vendor is live with FX NDFs on the new cloud-based platform, but credit has been pushed to 2020 earliest.
Last September, MarkitSERV, IHS Markit’s post-trade processing business, launched an ambitious cloud-based platform called TradeServ, first going live with foreign exchange (FX) for non-deliverable forwards (NDFs). The new TradeServ platform has processed about 1.4 million NDF trades for clearing and 34 financial institutions are active on the platform for FX, according to a spokesperson.
The plan was to launch credit on TradeServ in the first half of 2019, but that rollout has been delayed
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