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.
DealHub Follows Markit’s purchases of CoreOne Technologies from Symphony Technology Group, Mosaic and the Halifax House Index.
Financial technology companies have been receiving interest from buyers this year. Some other deals in the sector include: Aquiline Capital Partners investing in financial services software developer Fenergo and Q2 Holdings Inc. (NYSE: QTWO) buying privately held financial services security provider Centrix Solutions Inc.