Markit, a provider of financial information services, has completed the purchase of CoreOne Technologies, a provider of regulatory reporting and prime brokerage services to financial institutions.
The acquisition, which was first announced in August 2015, will expand Markit’s information and solutions businesses with CoreOne’s capabilities in regulatory reporting, index and ETF services, and data management services.
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Additionally, the deal will enhance Markit’s capabilities into prime brokerage.
CoreOne has over 500 customers including global banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges.
Headquartered in New York, the company is supported by a team of 200 and has offices in Bangalore, Hong Kong and London.
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