Logiscope gets acquired by MarkitServ
- MarkitSERV, Markit's electronic trade-processing platform for OTC derivatives, is set to acquire Logicscope Limited, a provider of post-trade workflow solutions and straight-through-processing (STP) for foreign exchange (FX) transactions.
MarkitSERV, Markit's electronic trade-processing platform for OTC derivatives, is set to acquire Logicscope Limited, a provider of post-trade workflow solutions and straight-through-processing (STP) for foreign exchange (FX) transactions.
Over the last year, MarkitSERV has been working with the industry to expand its service to support trade processing and clearing for the foreign exchange industry.
According to Markit, Logicscope's TradeSTP trade-processing technology and connectivity to more than 60 Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent providers (banks, brokers, exchanges and electronic crossing networks) and 400 financial institutions (banks, hedge funds, asset managers and corporates) will enable MarkitSERV to enhance its FX service offering significantly.
Jeff Gooch, CEO of MarkitSERV, says Logicscope's complementary technology and product suite will enable the firm to offer the same standards of trade processing, connectivity and compliance to FX market participants as it currently offers for credit, rates and equity derivatives.
Logiscope has been working closely with leading ECN brokers including FXCM Pro and Squared financial.
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MarkitSERV, Markit's electronic trade-processing platform for OTC derivatives, is set to acquire Logicscope Limited, a provider of post-trade workflow solutions and straight-through-processing (STP) for foreign exchange (FX) transactions.
Over the last year, MarkitSERV has been working with the industry to expand its service to support trade processing and clearing for the foreign exchange industry.
According to Markit, Logicscope's TradeSTP trade-processing technology and connectivity to more than 60 Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent providers (banks, brokers, exchanges and electronic crossing networks) and 400 financial institutions (banks, hedge funds, asset managers and corporates) will enable MarkitSERV to enhance its FX service offering significantly.
Jeff Gooch, CEO of MarkitSERV, says Logicscope's complementary technology and product suite will enable the firm to offer the same standards of trade processing, connectivity and compliance to FX market participants as it currently offers for credit, rates and equity derivatives.
Logiscope has been working closely with leading ECN brokers including FXCM Pro and Squared financial.