Markit completes acquisition of DealHub
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.
Alex Paidas
Director, Corporate Communications, Markit
Tel: +1 212 205 7101
alex.paidas@markit.com
Matthew Kolby
Managing Director, Investor Relations, Markit
Tel: +1 646 679 3140
ir@markit.com
Press release distributed by Pressat on behalf of Pressat Wire, on Friday 4 September, 2015. For more information subscribe and follow https://pressat.co.uk/
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Markit completes acquisition of DealHub
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