Markit (Nasdaq: MRKT) is going to acquire foreign exchange trade services provider DealHub for undisclosed terms. The purchase is part of Markit’s efforts to add more foreign exchange customers, especially among banks, brokers and asset managers.
London-based DealHub, founded in 1985, provides trade confirmation and management as well as regulatory reporting. The target’s client list includes JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group Inc. (NYSE: GS), Morgan Stanley (NYSE: MS) and Deustche Bank AG (NYSE: DB). The acquisition will expand Markit’s global trade-processing services while it gives DealHub the resources to develop more products.