MarkitSERV, an electronic trade processing platform for over-the-counter derivatives transactions, is purchasing Logicscope, a provider of post-trade workflow solutions and straight-through-processing for foreign exchange (FX) trades, Bobsguide reports. Logicscope’s TradeSTP trade processing technology will let MarkitSERV increase its FX service offering. Logicscope has a complementary technology and comprehensive product suite. MarkitSERV will be able to provide the same standards of trade processing, connectivity and compliance to FX market participants that it currently offers for credit, rates and equity derivatives.
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