MarkitSERV Clears Rate Swaps in Chicago, Singapore, FT Reports

MarkitSERV, an electronic trade notification platform owned by Markit Group Ltd. and the Depository Trust & Clearing Corp., said it’s cleared interest- rate swaps on the Chicago Mercantile Exchange and the Singapore Exchange, the Financial Times reported.

The platform now connects to six clearing venues; it’s been facilitating rate swaps through LCH.Clearnet Group Ltd. since the end of 2009, the newspaper said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge in London at ckeatinge@bloomberg.net.

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