LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)--Markit (Nasdaq:MRKT), a provider of financial information services, today announced the completion of its acquisition of DealHub, a leading provider of trade processing and trading services to the foreign exchange market.
The acquisition complements Markit’s growing business in FX and enables Markit to offer customers a comprehensive solution for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting. DealHub will form part of Markit’s Processing division.
DealHub’s customers include global banks, regional banks, interdealer brokers, FX electronic trading venues and asset managers. The company has approximately 55 people based primarily in London, with additional offices in New York and Singapore.
Financial terms of the transaction were not disclosed.
Notes to Editors
Markit is a leading global provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 4,000 people in 11 countries. Markit shares are listed on Nasdaq under the symbol MRKT. For more information, please see www.markit.com.
For more about Markit’s FX services, please see http://www.markit.com/Product/MarkitSERV-FX
DealHub is a leading provider of trading, post trade processing and business intelligence solutions to global financial markets, including many of the world’s largest FX banks. DealHub solutions encompass the complete trading lifecycle from liquidity sourcing, through price distribution and ecommerce workflows, to straight through processing (STP), regulatory reporting and compliance archiving. Launched in 1997, DealHub is owned by Option Computers Ltd, and supports customers from offices in London, New York and Singapore. For more information, please see www.dealhub.com.