Further to LeapRate’s article from last month about Markit Ltd (NASDAQ:MRKT), an international provider of financial information services, reaching an agreement to acquire DealHub, a provider of trade processing and trading services to the Forex market, today the companies announced the completion of the deal.
The acquisition aims to further enhance Markit’s growing Forex business. It also enables Markit to offer its customers a comprehensive FX solution across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting.
DealHub will become a 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 mainly in London, with additional offices in New York and Singapore.