Tech firm was the first of its kind to support clients clearing under the new regime
Tech firm Markit has forged a link with the Korean Exchange
(KRX) to support clients’ efforts to comply with
last week’s mandate that all Korean swaps must be
Markit and KRX said in a statement on Tuesday that
MarkitServ, the firm’s over-the-counter (OTC)
derivatives system, was the first service of its kind to
connect to KRX and helped in its first week 17 banks clear some
KRW 291bn ($290m) of Korean swaps.
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