Korea Exchange links up with Markit

Korea Exchange and the provider of financial information services Markit Ltd have agreed to build their relationship and promote the competitiveness of the OTC derivatives market in Korea.

Korea Exchange (KRX) and the provider of financial information services Markit Ltd have agreed to build their relationship and promote the competitiveness of the OTC derivatives market in Korea.

Markit Ltd. provides its customers with OTC trade information via its electronic confirmation systems

Markit supports such services globally for all major OTC asset classes. The firm said that most international banks, who are currently KRX clearing members use Markit’s trade confirmation services when trading KRW denominated interest rate swaps, which are now centrally cleared at KRX.

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