Markit, a leading global provider of financial information services, today announced it has acquired systems integration software developed by J.P. Morgan. Markit will make the software available to sellside and buyside institutions seeking to integrate with major systems used in the syndicated loan market, including agent servicing platforms and Markit’s trade settlement services.
Facilitating systems integration is an important step toward straight through processing of loan transactions and is expected to help the industry become more efficient in settling trades.