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Markit (Nasdaq:MRKT), a global provider of financial information services, has acquired JPMorgan’s systems integration software and syndicated loan technology for use across both the buy and sellside, according to a Markit statement.
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In particular, Markit’s newly acquired software technology from JPMorgan is designed to help streamline third party connectivity issues for market participants, whereby shortening loan settlement timeframes. Furthermore, the systems integration will help facilitate straight through processing (STP) of loan transactions.
As a result of the acquisition, Markit will make its newly integrated offering available to both sellside ... (read more)