Markit Ltd (NASDAQ:MRKT), an international provider of financial information services, on Thursday announced the completion of its acquisition of CoreOne Technologies, a provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions.
The acquisition, initially unveiled in August this year, is set to enhance Markit’s Information and Solutions businesses with CoreOne’s capabilities in regulatory reporting, index and ETF services, and data management services. Additionally, it extends Markit’s capabilities into prime brokerage.
At present, CoreOne has over 500 customers including global banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges. The company is supported by a team of 200, with headquarters in New York and additional offices in Bangalore, Hong Kong and London.
The news of the completion of the deal with CoreOne Technologies comes after in September this year Markit finalized the acquisition of DealHub, a provider of trade processing and trading services to the Forex market. DealHub will become a part of Processing division.
To view the announcement from Markit on the deal with CoreOne, click here.