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Markit to Acquire DealHub

LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)--Markit (Nasdaq:MRKT), a leading global provider of financial information services, today announced that it has agreed to acquire DealHub, a leading provider of trade processing and trading services to the foreign exchange market.

The acquisition will enable Markit to offer customers a comprehensive solution for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting. It will also expand Markit’s customer base among banks, brokers and asset managers in the FX markets.

Brad Levy, managing director and head of Markit’s Processing division, said: “DealHub is a great company and highly complementary to Markit’s growing FX processing business. This acquisition adds depth to our FX offering while bringing an exciting set of trading solutions to Markit. Connecting DealHub’s technology to our network will accelerate centralisation of FX trade processes, making it easier for customers to transact.”