Scott Kostyra

This middleware is essentially at the core of the loan market ecosystem that will provide seamless integration among systems and straight-through-processing of loan servicing and settlement data, this efficiency gain is, in itself, important, but will also contribute to bringing down loan trade settlement times.

Along with our recent acquisition of the loan position reconciliation assets from DTCC, [this software acquisition] will significantly expedite the adoption of Markit Clear, FpML and other industry initiatives that have been in development.