Cobalt and IHS Markit have teamed up to produce post-trade services for FX using blockchain technology.
IHS Markit’s chief executive said that it could not reach an agreement on the value of the post-trade derivatives processing business.
Goldman Sachs is among seven major derivatives dealers to use MarkitSERV services to process SOFR transactions.
MarkitSERV expands in Asia and Europe with connection to CME Group’s trade repositories.
Legal action taken following Markit’s decision to prohibit access to its trade processing service, MarkitSERV.