Financial industry chat consolidates as Symphony buys Markit’s messaging service

Symphony has acquired Markit’s cloud-based collaboration technology

Symphony Communications, a financial industry messaging service provider, has acquired a rival service provided by Markit, a financial data management provider. The move may bolster Symphony’s ability to rival more entrenched, expensive cloud-based chat services used by financial institutions.

Cinnober plots new course for BOAT trade reporting service

Khurshid: BOAT will explore new opportunities under Cinnober

Trading technology specialist Cinnober has big plans for BOAT, the trade reporting service it acquired from Markit on 1 July – including new asset classes, a new focus on banks and brokers, and a renewed push at data quality.

Survey: KYC action plans 2014


Looked at from a data perspective, many new regulations have overlapping requirements that come back to customer data. Banking Technology joined forces with Markit І Genpact KYC Services and regulatory specialist JWG to look at how firms are approaching the challenges this poses.

Final countdown to EMIR underway

EMIR mandates the central reporting of OTC derivatives across the European Union

A week before the final reporting deadline for the European Commission’s EMIR regulation, tech firms are making a last push to get OTC trade reporting up and running.

Euronext and Markit target ETF opportunities


January has been a good month for ETFs, with the launch of two new products aimed at making it safer and cheaper to trade – and easier to get the information needed to make trading decisions.

BBVA Asset Management picks Markit for EDM platform

BBVA says its new system will help it to manage its data

BBVA Asset Management has chosen an enterprise data management platform from Markit, which will act as hub for its securities, portfolio, fund, issuer and position data in several countries, including Spain and Mexico.

Markit masses support for open messaging service

Peter Moss

Financial information services company Markit is aiming to create the largest financial markets messaging community and remove barriers to cross-market communication through its open messaging initiative and supporting technology, Markit Collaboration Services.

DTCC hires Tierney to head Asia Pacific unit

Tierney will direct the DTCC's Asia Pacific operations from Singapore

US post-trade services utility the DTCC has appointed Peter Tierney as regional head of Asia, as the company continues its drive to be a global centre for OTC derivatives reporting.