Markit and The Depository Trust & Clearing Corporation (DTCC) will form a jointly owned, strategic OTC derivatives partnership, according to today’s release from Markit.

Markit will contribute its recently acquired Markit Wire platform as well as other trade processing services including Markit Trade Manager, Markit Tie Out and Markit PortRec. DCC will contribute its Deriv/SERV matching and confirmation engine, AffirmXpress, MCA Xpress and Novation Consent services.

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